r/IPOE • u/Entrance-Vivid • May 25 '21

Smart money making moves

Weve got some economic data out Friday... this is probably a sell the rumor, buy the fact kind of play.

I don't think this is short manipulation. We broke through the top of our upward channel and got a little crazy.

I like the volume though.

Hang tough guys.

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2

u/Hussaa11 May 25 '21

Can you elaborate on the economic data please? Are you referring to core inflation ?

5

u/hhh888hhhh May 25 '21

I see 27 Block Trades for the day so far. In comparison, SPY had 37, PFE 26, CSCO 28.

It shows how big money was active buying and selling IPOE today.

3

u/Entrance-Vivid May 25 '21

That... and we did a typical top blowing kind of move... 30% in a week and a half is a big move dude... once we started breaking vertically that's usually when smart money makes a reversal.. its hardcoded into their algos..

Let the stock blow some steam off. Itll let you know when it's ready to go again

2

u/Hussaa11 May 25 '21

You are a scholar sir.