As Midas continued to tank further like there is no tomorrow, suddenly at 0.089/0.090, I witnessed something so powerful and classical that the BBs used to stop the stock from falling further. I call this the Stoppage Maneuver. It's a maneuver to prevent a stock from further slippage by using the buy/sell queues as a deterrent to replenish and absorb whatever selling that was available in the market/public float.
At 0.089 earlier when Midas was just about to fall further, suddenly, the buy queue swell and then removed but the price kept hovering there with huge amount of sellers but there was even a larger amount of buyers supporting it strong as seen in the minute chart recorded with those big volume. It was almost for 30-45 minutes before the the started to move away from the anger point of 0.089 and the buyers came in to support the stock. Of course, there are more towards how it works but you need to be watching it LIVE to learn the experience. Midas then rebounded and although I am not sure how much it would rebound, but it's obvious now that there is a strong support.
Ronald K - Market Psychologist - A Stock Market Opportunist
