Since time immemorial share prices have moved up and down with retracements along the way.
To call every retracement "manipulation" and to see a "pump and dump" every time there is a reversal is simply to devalue the meaning of those terms.
To my mind there is simply no sign of manipulation in the price action over the last few days. I think there have been times when ESI shares have been manipulated but I saw no sign of it this week.
When a share rises by nearly 100% in a few weeks surely we can expect there to be a retracement at some point? When a share that has experienced a healthy rise drops back a few pips it is not necessarily the case that reality has set in after manipulation.
GLTAH.
interesting article, page-12
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