its a nice theory from someone who hasnt been witnessing trading in Maronan since January every day like I have - apart from two spikes that occurred, here is the most common example of the trading which was mostly in a downtrend
Examples included big buyers coming in early in the day, to be met with selling from up to as many as 7 accounts but usually 3-5, in a quick order of succession, to take out those buyers, followed by further sale orders coming in and undercutting that price. In 12 years of trading, this to me is not the way to swing trade successfully.
and the way the sell orders appeared almost simultaneously was so much like the way the thumbs up appear almost simultaneously to some of the new posters here
MMA Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
(20min delay)