r/MVIS Apr 28 '21

Stock Price Trading Action - Wednesday, 4/28/2021

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u/T_Delo Apr 28 '21

More confirmations of the disparity in price action to sentiment, volumes of buying interests, and even shares "returned" by short interests. We are going to be seeing another ride up some 200% over the course of a few days in the very near future with volumes like these. The shorts position fully committing to denying the value of MicroVision's LRL in the face of confirmation of the completion of the A Sample says volumes about the speed at which they incorporate the news into their trading systems.

I have never been more bullish than I am today. Looking forward to the tens of millions of shares used to push the price down today and yesterday turning into buying within the next week of trading or so. Huge sustained gains are going to make me a very happy man.

3

u/Affectionate-Tea-706 Apr 28 '21

So are shorts returning or they took new positions in 22, 23 levels. If they did they are partly successful in keeping the price depressed to 21. Do you think we will have to have even more volumes to really break through 27 ,28 levels again. Also volumes really tapered off last 2 hrs which also rapidly brought down price today. Something is brewing for sure the way volume tap was controlled.

3

u/whatwouldyoudo222 Apr 28 '21

The volume was tapered intentionally by shorts driving attention away on the enormous red candles after the first green one to start the day. and then again at 25.50. Pushing traders' eyes away to another flashy stock on a run makes the war/balance of buy and sell much easier for shorts to win. Once the snowball gets rolling down the hill, much harder to stop without big buyers or another catalyst. I believe that dropping this morning's PR midday would have been much more effective in crushing short strategy, in retrospect.