VictorG
Member
Yak is right, I have been trading for 40 yrs and I have seen these trading patterns many times, the tell tale signs are very obvious.
If the price drop was profit taking the share price would have clawed back most of the drop by now and it wouldn't have happened so rapidly .
The fact that the price dropped sharply in short time and remains stubbornly at these low prices suggests that not only are shorters involved but they are co-ordinating their short attack between themselves.
I also know there is little that can be done other than taking advantage of the lower prices. I don't like that some retail investors may have been stopped out by the sharp drop, but they may have contributed to the drop with their stop losses.
As a side note, its usually the very best disrupter companies that draw the attention of shorters, they cant help themselves. In almost 100% of the cases, the shorters get burnt to a crisp.
If the price drop was profit taking the share price would have clawed back most of the drop by now and it wouldn't have happened so rapidly .
The fact that the price dropped sharply in short time and remains stubbornly at these low prices suggests that not only are shorters involved but they are co-ordinating their short attack between themselves.
I also know there is little that can be done other than taking advantage of the lower prices. I don't like that some retail investors may have been stopped out by the sharp drop, but they may have contributed to the drop with their stop losses.
As a side note, its usually the very best disrupter companies that draw the attention of shorters, they cant help themselves. In almost 100% of the cases, the shorters get burnt to a crisp.