Surely you have heard 'the market can stay irrational...' quote.
Obviously things happening beyond the knowledge of us mere retailers.
A pissed off broker or major holder wanting to show their feelings about missing out on being apart of the CR? An accumulator wanting to scare owners into selling? Those caught in the 10c pump wanting to offload and minimise losses or breakeven? Geez...we even have a bot in action.
I tend not to worry about the corporate games and market manipulations (which can be damaging to the share price), nor try and get caught up in conspiracy theories.
However, as a small fish I never try to beat them at their games.
In the medium term, and if the business model is executed as expected, none of the short term games will matter. They are just an annoyance.
Milesy
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