1TT 0.00% 0.2¢ thrive tribe technologies limited

Athens sign of Acquisition !, page-130

  1. 13,097 Posts.
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    Shells (and most specs) are all about liquidity events. Large holders usually can't book profits without them. The last announcement caused a lot of liquidity but no price rise. This is my favourite type of profile to accumulate against, as you know the price will eventually catch-up to the story and you're not chasing price higher. Perfect. Also means those who were in for a quick pump were potentially transferring their shares to larger traders with a view for higher prices, i.e register quality improving. Hence I doubled my position in low 1s on the pullback, adding to the 1c stock I held.

    Any Blockchain vend is 100% guaranteed to be a big liquidity event and an exit for some. Whether it's a buy/sell on the morning of the Ann is impossible to know but will depend on the vend. If the market loves it, we could see a multi-day run. If it looks shabby, I'd almost guarantee there'll still be a big pop, but you'd be more likely to see Gravestone Doji style price action.

    The surest way to make money on these shells is to get set early when everyone's calling them dogs and then take at least some off the table on the way up, as liquidity events play-out. Takes the psychology out of it. Who wants to be fretting over a pip or two and not catch the bigger ride that makes you the real money. If your average is low, you don't worry about a pip or two fall.
 
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