Folks, I've been searching the net for years looking for the answer to the following question - How do they play the game? I thought surely there must be some retired or disgruntled broker who has described somewhere how they work the price to maximise profits. I've not found my answer but after years of watching the screens here's how I see it! Four ingredients are needed 1. Big money, patience, a simple knowledge of maths and hype.
CDB( in hindsight) was accumulated for months and months under 0.01. The trades at 0.006 were too obvious. Traders bailed on declining SP, impatience and uncertainty/ fear. Millions upon millions of shares gathered.
Huge % gains were now ready to be had on every pip rise. In came the hype whether triggered by time or YMYC or ANN or Toot Toot calls and off we go. Huge volumes pushed it to 0.017 in two days and Santa has arrived.
Now greatest % gains are obviously gained from lowest price so time to rinse and repeat. Ie get price back down as low as possible by selling/taking profits aided by forced selling by those trapped in at higher end of the rise range. Hype of pending announcement will allow another high probability successful repeat of above scenario.
Is that "How they play the game"?
CDB Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
