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My analysis: The DJIA is down over 600 points due to COVID19 vaccine shortage. This is the fault of the .gov & the military industrial complex. So the media line is blame some entertainment stocks. Meanwhile the National news reports using 10,000 troops to help move the vaccine awaiting recipients.
Blood in the streets, buy real estate~ Warren Buffet
Todays news link below
https://www.youtube.com/watch?v=c9Bai9cUmGI
This is why technical analysis is signifant.
I was explaining this shit to my former coworker and he usually put technical as insignificant and mainly look at fundamental as a factor.
Herd mentality and algorithm is where technical gets significant.
Lastly.... this GME AMC DDS is nothing new. You guys do not remember 2003? SIRI and TASR? (Now AXON).
They had very high short interest and CEO of taser even sue a yahoo finance board member (ID ubswarbird) for herding people and shorting their stock with fake financial info.
After this news go on, many of long got into those 2 stocks and they were top 25 volume leader and a huge gain. :)
Thank you.Quote:
Originally Posted by Grant H.
https://youtu.be/4EUbJcGoYQ4Quote:
Originally Posted by Irving
I don't know this pumpage really count as pump & dump scam if they are on hold after purchasing a specific securities.
I am not sure if any juror or SEC would prosecute them if they held those position for a year or more.
I think safely say 3 month would be fairly safe, because wash sale rule (different than this situation but good time frame) requires 3mo+?
Any securities attorney or compliance analysts?
They're going after silver now. They plan to buy silver and silver stocks, force physical delivery, and pump the price way higher.
Silver eagles are already minimum $6 over spot online.
Sunshine mint is hiring production workers. I call that a clue.
Since I wrote that last post, JM Bullion went up to almost $11 over spot on silver eagles, minimum.
Eagles always command a decent premium over spot, but this does seem a bit higher.
APMEX is only $8.29 over spot for a single random BU Eagle.
JM is basically sold out of silver eagles this morning. A quick scroll through and it looks like they pretty much only have the expensive proofs and even those are going fast now. Or a certain year here or there for $81/oz.
Generic silver rounds are slim pickings too. There were tons of eagles and generics in stock last night.