Nice work from all -
I am not surprised that some are still clutching at straws- It seems that a few do not grasp the reality.
It is difficult to understand the complex nature of the new reality-for those that don't have a finance background....
However to say-
"This beast is waking up almost debt free" is gobsmackingly naive...
I think the only thing that will actually make this real is the final descent of the SP- it will only be real to some when it is .04 and not moving at all....
Interesting trading day- We have of course fallen through all recent support - the downward pressure is building - all the volume trapped above - the buyers 60 mill in the last two days will add more pressure in the next few days to compound the problem- just because the price is falling not rising- this building pressure will become more obvious in a couple more trading days- as those speculative types of traders need to exit (dump) after a couple of days.
It isn't scary yet - however I did notice the plunge protection team stepped in today- sitting a rung lower than the bid and only the first three positions- most of the parcel sizes were 20- 50 k so to not cause any alarm - they are getting out imo.
Who 'they' are is relevant in a way as they have deep enough pockets to buy and sell their way out-
IE hold up the bid....so by late in the day I noticed that the support bid got sold into and was not replaced- One can only watch and speculate in these situations - the few blips up are inevitable- Depth watching traders jump in-
See what happens next week My feeling is it can only get worse- no one that understands the true situation will be buying -
It has been a frustrating and argumentative 4 months or so - dodging insults and also seeing some have really followed the information and rescued what capital that they could-
The former holders that continued on the thread and copped a lot of abuse and one by one turned and started helping others understand should be thanked - they could have just not cared- but it is human nature to try to use a bad experience to help save someone else the pain
@Wyman Wells this isn't over yet- Reality hasn't quite landed
