CloserLook posted this in response to the large number of negative posts this weekend.
Remember, when the manipulative penny traders' posts turn negative, it generally means they are trying to drive the price down because want back in. That means they represent pent up demand. That's a buy signal.
Conversely, when the manipulative penny traders' posts turn positive, they want out.
If a few people beat them to the punch in both directions, the price should stay within a narrow range, and maybe they'll get bored and go bother another board.
The response by Jack was to completely discount that narrative:
After everything expressed do you really think this is a buy situation, wow you really don't get it.
And really I don't think Jack missed the point.
Doubt says Jack is just telling us what he is doing. But that was the whole point of CloserLooks post. Jack is telling us what he has done not what he is doing. Why would he try to convince people that he was selling unless he already sold. That is of course unless he was stupid. And I don't think Jack is stupid. He is just a daytrader.
I now have him and a couple others on ignore so I will not be responding to his post anymore. It just upsets me and I guess that is probably childish of me. But that is the way it is so out of sight out of mind as they say. And quite frankly I have never heard an original thought come from him so am I going to miss some key piece of important information he is going to provide?
Not a chance. I won’t talk about it again. At least not in the near term. It is way too counterproductive.