Who's selling anyway?
People who bought a few days ago and it doesn't fit their timelines or expectations after a week and are dropping out to possibly buy back in here or elsewhere if they see opportunity.
People who bought 2022, 2023 and got stuck (the price is actually up for those people). Good luck to em.
People who bought 2021 and are happy enough with the smaller loss at this price.
2020 and 2019 buyers are up right now
Maybe some shorters or people trading down while we wait for news
Addit: Oh and oppies sellers! Yeah ok they're probably party time but funding is funding I guess
My read isn't 'freocious' Sellers anyway. Fatigue or reducing maybe I could see and possibly a bit of relief there.
Buyers can get ferocious tho,
Hypeable buyers have bought in already on news and have their FOMO allocation, might average down a little as the price does its thing.
Long termers have probably been averaging down for years, So they're fine.
Patient buyers have a few weeks to see what happens and enter or top up.
Dunno about others but my personal experience in corporate is that stuff happens in weeks not days.
"Hi, nice results, what availability do you have for next week? Hmm. The Monday after?" Like this,
and not like
"Yo tell the ASX to buckle up co were hot AF for your tech. Plz gib nao"
Ann: Megabit Success, page-2099
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