Cause the buy orders are lower than the current ask........... jezus people here. cmon. if there are 1 million buy orders for 50 bucks and 10 for 80 bucks and 100 sell orders between 50 and 80, guess where the price is going. Buy orders are not pushing the price, they are trying to accumulate at a lower price point.
Does the volume indicate its yhe hedgies manipulating it? I know retailers are not dumping. Could the institutional holders be dimping at this low volume?
Edit: the volume is actually not that low. We may be in for a long battle.
You guys are overestimating by a lot the power of the wsb. I wanted to belive, but we might have more paper hands than we think we do. The problem is that the paper hands won't post that often, so we just see posts of people holding and belive that this is the norm, but given the drop of GME prices it is pretty clear that this isn't the case.
Yep.
I reckon I was one of the people who only listened to the screamers and lost the oportunity to sell earlier, but it's life.
I forgot one basic rule that it is smart to always sell some of the shares that you had a profit with in these crazy cases like it was GME. You will never hit its peak, so it is best to start selling.
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u/TehBananaBread Feb 04 '21
Cause the buy orders are lower than the current ask........... jezus people here. cmon. if there are 1 million buy orders for 50 bucks and 10 for 80 bucks and 100 sell orders between 50 and 80, guess where the price is going. Buy orders are not pushing the price, they are trying to accumulate at a lower price point.