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You could say something similar about a lot of stocks right now though, hasn't stopped this market so far.Could be because the stock has gone up 1000% over the last two years while net income has increased at .7%
I find it funny how nobody was questioning when that person bought 1M shares though.
The point is, the argument that GSAT is being "manipulated down" seems more of a stretch than the simple theory that someone is just taking a fat profit.You could say something similar about a lot of stocks right now though, hasn't stopped this market so far.
I heard you guys like the color red? Well, you're in luck...
Yeah - when I pulled my account and noticed my gains cut in half, "Lady in Red" started playing in my head.I heard you guys like the color red? Well, you're in luck...
You are probably right. It’s almost like the big ones pull their money out and then take the realized gains to mount opposing pressure to short it.The point is, the argument that GSAT is being "manipulated down" seems more of a stretch than the simple theory that someone is just taking a fat profit.
I agree. I could also say anytime the price of a stock increases faster than profits of a stock by 999% without much fundamental change in the stock itself, it is likely irrational and overvalued. The person selling the 1M shares is probably just taking more profit than they imagined when purchasing the stock.You could say something similar about a lot of stocks right now though, hasn't stopped this market so far.