Traders need to watch they aren't getting 'played' on some of these hyped stocks.
SUM has been well overhyped from the beginning and smarties are gonna take their profits eventually. The SP clearly rolled over last week and 60M have been sold down. Despite constant calls from the peanut gallery that SUM is bouncing etc. Chart gives a possible target of 20c. It may not go there but the rest of the decline was odds on to happen.
TM1 for example. Unless someone can show me their bids got hit at 8.5c, this is what usually happens . . . .
. . . smarties wait until they have all the sells stacked up where they want them (11.30am). Then they step in and buy their 'own' stock to drive up the SP. Punters who are watching 'their' stocks, go wild with excitement. Majority of holders just sit and watch and think about Lambos. Smarties snip off any buy bids that come in and try to keep the SP up as much as possible for whatever reason. Buying for the rest of the day was light and most likely the sell side was stacked so you couldn't get the SP that appeared to be available.You never know but a trader takes note of these things before deciding to hold onite etc.
LTR. Lots of excitement and congratulations about this one. But once again it's been falling from $3. Trader should not have been still holding. And then look at daily chart and it's a bit suss imo.
