Nonsense. Not many investors have been able to accumulate lower than 2.6c, most holders during VRL/SI6's history have holdings at 8c +. There is only a certain number of days where those lucky enough were able to get in at the lows. We had a few high-volume days during May and that's about it. Most of the accumulation and attrition has occurred over years.
Therefore, there will only be a certain number of days where those lucky enough to buy lower can take these profits, and the volume recently is saying most of those short-term traders have been churned through already.
It is tax sell season, so potentially holders are taking the substantial loss from 8c+. Either way, when June is finished, get ready for the next leg up. Potentially sooner if the volume ramps up.
Add to My Watchlist
What is My Watchlist?
