Good morning..
Following my absolute determination to prove that what is going on "is not" what looks like ,I would like today address the "second" good hint.
Today at 6:00 am,when no orders can be received and show "clean" scenario, the total sellers was 110,000.
At 7:30am when still,many dealers don't receive orders(but some yes) suddenly the total SELL jump to 183,000
But put your attention
None of that orders to SELL was in the range of "possible sell" meaning...
None was placed like 4.20 or 4.30 or 4.10 , that "aditional orders" was places at 5.50, 6.70 , 7.10 and so on in such way no risk somebody come and buy..
Again the same question that I raised yesterday/.
Who in the end of the day ,have any interest to place fake orders to pretend the total sellers is huge,too many , scary , etc etc ???
Obvious answer is... The ones who would like see the price down (shorters one alternative) or buyers interest to buy as cheap as they can.
Considering all time the manouvre is done with "existing" availability of shares,my finnal conclusion is we are talking about buyers manouvre not shorters (this one are just part of the event.Yes they are here but just as part of..)
Again.. pointless to support a "big seller" in sense that big selers have ZERO reasons to force the price down... Exactly the opposite.. Is much possible they give a break i their sells to the market recover some steam before they go ahead selling.(exactly to achieve better average price)
Finally remain the last alternative.
If we are talking a BUYER attitude and manouvre what is going one with the "shorters" and a eventual existence of a real "big seler".
In that case is very predictable imagine that in some way one help another., The shorters also interest to see the price down,and the "big seller" also interest to see a "buyers manouvre",than he can sell his volumes to them.
I understand the reading of yesterday volume (high drop from the average ) is a second good sign of exaustion. (maybe we will have still a third wave and than the market rebound).
I call yesterday to two contacts that confirm they are 100% ready to come and buy strongly as soon they identify the botton was achieved. One of them also told me.. "Im with the finger in the trigger we are really close"
Well..thats it..
Have everybody a good day
Cato
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Last
$1.40 |
Change
-0.030(2.10%) |
Mkt cap ! $1.094B |
Open | High | Low | Value | Volume |
$1.42 | $1.45 | $1.39 | $3.284M | 2.335M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 71676 | $1.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.40 | 51420 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4283 | 1.505 |
1 | 27672 | 1.490 |
1 | 41 | 1.485 |
5 | 17824 | 1.465 |
5 | 16527 | 1.460 |
Price($) | Vol. | No. |
---|---|---|
1.315 | 1978 | 1 |
1.325 | 52042 | 5 |
1.330 | 22481 | 3 |
1.355 | 18676 | 7 |
1.365 | 6318 | 4 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
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