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16:55
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Originally posted by chris1983:
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Davisite you give hotcopper far too much credit. Ppl can ramp and carry on but it doesn’t move the price. Deep pockets can effectively move the price in the short term where this eventually can persuade FOMO buyers but I believe a lot of the buying last week wasn’t your standard hotcopper daytraders. There was heavy accumulation and apart from the Friday evening sell down which I suspect to be from the Twitter and hotcopper daytraders brigade (they don’t like holding over the weekend) the price performed very well.
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especially so when we are dealing with these volumes. In an illiquid stock the hc forums can be effective but not one which has immense volume. There has to be serious players imvolved.
