YES, $MAGIC I’M STILL EXPECTING A DROP!
Magic started its rally yesterday, and in my “gainers” analysis, I mentioned that Magic’s rally wasn’t actually based on strong fundamentals and that it fit the pattern we call “slow short.”
Honestly, I didn’t expect it to rise this much because, as I said, it’s entirely manipulative. Since it’s a short term pump and dump, I had anticipated a similar move earlier. As a result, it’s risen a bit too much.
I still think it will continue to fall. It’s hard to pinpoint the top keep doing slow shorts.
It’s currently at the $0.14 level let’s see where it stands tomorrow. DYOR
Magic started its rally yesterday, and in my “gainers” analysis, I mentioned that Magic’s rally wasn’t actually based on strong fundamentals and that it fit the pattern we call “slow short.”
Honestly, I didn’t expect it to rise this much because, as I said, it’s entirely manipulative. Since it’s a short term pump and dump, I had anticipated a similar move earlier. As a result, it’s risen a bit too much.
I still think it will continue to fall. It’s hard to pinpoint the top keep doing slow shorts.
It’s currently at the $0.14 level let’s see where it stands tomorrow. DYOR