PokerStar
1 day ago
I just read a couple of articles that are saying that there's some new A.I. trading programs that trade based on investor sentiment from a plethora of investing discord boards. First time I've ever heard of that but with the way trading has evolved into daily flipping, I guess it does make sense to a degree. So let's give it a test and spend the next 2 weeks posting nothing but positive, rah, rah posts and see if it helps. We are so oversold at this point, we should be making a move north anyways, but let's give it a try. Lol. We've actually got the first bid above $3 right now... first time in days.
PokerStar
PokerStar
1 week ago
Well...it's hard to say. I'm sure it didn't help. There were 14K more sells than buys, and another 42K traded between the bid and ask, which I believe are shares scooped up by MMs for 2 reasons. The most obvious is to cover their shorted shares they were selling in the low $6s for a couple of days when we couldn't bust through to new highs. The other is to keep accumulating more shares at these lows to make money when they sell on the next run up. What I believe these dirty pr*ck MMs do to control the price here is exactly as I laid out. When they have no more shares left in their account, they let the run continue and when we reach a resistance area, they'll start selling short again to kill momo and cause a selloff. Normally the selloffs are not this harsh, but it's certainly their M.O.! Others, like groups selling as a group doesn't help either, nor does it help when insiders sell shares into the market. Bottom line is they control the price. It'll move higher at some point once they have completed their short share covering and they've accumulated enough shares down in this low $3 area. I've witnessed some big blocks of 10-20K at a time buying up everything on the ask in a .15-.25 cent range then watch a few hundred shares at a time getting sold into the undercutting bid to bring the price right back down. These pr*cks are in full control but eventually we'll run higher again at some point. We are undervalued big time in this price range.
PokerStar