it only makes sense under the following scenarios:
1. Uninformed investor who could have sold yesterday at higher price
2. Manipulation by MM to either replenish inventory or to purchase shares for large investor or institution
A few bullish formations which ultimately lacked confirmation. The latest is today (Bullish Harami) on Americanbulls. A positive close today may trigger a buy signal
unless the stupid seller has learned that he/she can break up order and get much higher price. or that he/she can wait a few months and make a profit rather than take a tax loss.
my criteria is below the lower BB. dont worry about competing as I have plenty of shares.......although i am buying as it temporarily dips below lower bb which is now 0.44
i didnt think it would get this low and continue to add. my guess is that some who bought in the 70s and above are taking tax losses. looking at the Q&A for the last CC the last questioner is a financial advisor. He's new to the CCs and he's a kid. I wonder if he got his clients in at a high level and is now getting them out (when he should be doing the opposite imo)
Its not management.. It share price - a combination of one or more novice sellers of size who are too eager to sell, rather than breaking up order and a real astute market maker. The volatility is a huge opportunity.