Of course it’s the engagement of a coordinating entity. From the opening last Thursday it started: the price bounced, then abandoned to send outsiders nuts juggling the question of should they sell. Thursday failed, they waited, Friday, they repeated and induced enough of those with recent profits to sell and lower price. This week, unmasked, they have just continued accumulating.
Its like tossing an egg in the air, while it is caught it can be tossed higher. The feign is when they step aside to see if the egg is hard boiled when it hits the concrete. Our dilemma is guessing that if it doesn’t crack, who ever is playing this game will toss it in the air again.
DCN Price at posting:
$1.07 Sentiment: Hold Disclosure: Held