TA opinions, page-96

OK,

I'm going to be truthful and a little hurtful. - Most day traders are degenerate gamblers and most loose - A LOT!

They have a terrible habit of buying more than they can pay for and will almost always flick them within a T+3 day cycle.

Now SBB has presented a couple of 10-15% trading opportunities over the past two weeks. This cycle has seen buyers sit and wait. This saps liquidity, which is fundamental to a day traders need for an exit.

Up 1cent one day, down half the next etc, whilst perfect for accumulators is like insect repellent for day traders. I watched as the desperate and needy moved their sell orders down from 12-11.5-11 - that's not a technical investor, that's someone who can't afford to be in the first place.

Once they are gone, they won't be back until the next resistance level gets broken and it runs again. Then the cycle repeats. etc etc