ETP - Poor thing

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Massive falling knife

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Unknown how far it could fall. I'm not willing to catch this knife currently.

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Prabability of 75% flash crash to $0.8

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ETP is so weak but pretends to be strong

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The most characteristic sign of weakness is the fact that it does not show signs of weakness almost like it is afraid of showing signs - almost like it got some kind of inferiority complex.

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Eventhough ETP is possibly a valueless piece of junk (not saying it is), when people short it it will be some forced buying afterwards as a direct consequence of the shorts (read about it if you don't know that fact). So.... Eventhough we had a coin called poopcoin. If at a time someone would value poop to for example $149,274,887 (just happens to be the current value of ETP), that would mean at this specific time the value of that entity is this particular number. There is actually an INERTIA in the value of an entity, and I would say that this is directly proportional to the likelihood of people trading on margin in relation to the people that just hold or sell the entity. With inertia I mean there is a sluggishness in changing the valuation of the entity. So... Therefore I'm not afraid to buy this. Because even if it would come some news saying that everything is a scam, there would still be forced buying coming after the dip.

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Clarification about that long comment: I'm not buying ETP now - all I'm saying is that after the spike downwards there will be forced buying (because of inertia, the consequence of shorting)

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Crash is close....

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Currently it's below $3.1
Grab a drink of your taste, and enjoy the show.

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For the record current price $3.10 but because of the short term changing trend I don't think this will crash at the moment. ETP is most probably going to have another bounce up because of this (people closing down their shorts manually or by stop loss and doing forced buying).