Pro's are soaking this under BO point as they know that the next explosive leg is imminent.
That LinkedIn screenshot @8horse put up over the weekend of Rob Phillips in front of over 50 boxes of USCOM 1A devices is IMO the reason why the pro's are trying to soak all the traders out
(Link below to the screenshot)
https://hotcopper.com.au/threads/an...5225395/page-47?post_id=42956056#.Xks9pIozaJA
Things are moving so fast on the ground that they're falling over themselves trying to ship devices.
Also REMEMBER - all sales to China are CASH UPFRONT SALES...
The longer the soak is, the tighter they make the free-float, the more explosive the breakout will be.
The top-10 already control 60% of the register - with the top-3 having 45% (and 2 of those are management!)
Those 6-figure walls in the low-40's sell side are all IMO cappers... its a classic accumulation tactic - make it look heavy & soak as many as you can. There is no way they're all traders stuck, as any trader worth their salt closes out their positions on the day or day after & moves on
Pro's are soaking this under BO point as they know that the next...
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