Originally posted by Hingdog
AUZ is a good example of a stock that had a big run as traders/investors/dreamers bought into the hype of the battery minerals sector. Once the hype died down, the smart people sold and left the dreamers to be claiming manipulation, when really it was just more and more people finally selling out. AUZ was "manipulated" all the way from 15c to 3c, funny how the top 20 reduced their holdings so much during that period .... but it's all manipulation according to the noobs
Yes it is. Unless a major fundamental changed for the worse why would it drop like a stone ? Use your brain man. Say 1000 Mum and dad investors buy into a gold company with the hopes of finding high grade gold. Right now say said company after they buy into there story FIND high grade gold ! Wooohooo. Now the logic says that those 1000 are now happy, now buy your logic it’s possible that they all sell at the same time cause hey they now realise they changed there mind high grade gold is not what they want ! Ohhhhhh k seems silly boardering on insane..and that’s them selling before the real profit hits from the high grade gold. Cause u know they hate profit.
BUT, instead what actually happens is the BOTS get to work after they finish dumping and start a rapid drop for ZERO reason... this spooks the 1000 so the bots manipulate the price and get help from the heard all the way back down. Then wash rinse and repeat.
BOTS set to manipulate the share price are the catalyst for an illogical sell off.
Of course there are also the paid rampers and the unpaid bottom feeders that think they can use the BOTS but alas end up eaten and losing way more profit then just having there company’s left alone to either make on fundamentals and logic or not.
BOTS are a great tool for the weak and simply minded as it takes the brain power out of picking stocks for the long term. Hey why think when you can join or start a pump or dump.
A market run off fake reality’s is boring and soulless and will surly crumble ! Then it will be reborn back to good old days of having to you know READ and look at boring spreadsheets ect ! Rather then where is the next pump and dumb so I can tail on.
