But what we are seeing instead is accumlative selling...that is, selling of relatively smallish lines to knock the price down in preparation for am eventual load up at lower levels.
They will likely load up the sells in the morning to.
Classic cycle that repeats...so clearly the shorters are back in control.
Damn!
They can only do this because of the short-term money that is all over this...also because they know such short-term money typically will be borrowed (t+3) and most will not be able to settle, meaning they must sell or pay up.
Still buyers interested...but they know patience will be rewarded with cheaper scalps.
Such is life.
The price is so ridiculously undervalued it is not funny.
Something will eventually kick it off...not sure what though?
Cheers!
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
