RE: STEEMIT: At approximately $17mil STEEM is potentially a sitting target.

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STEEMIT: At approximately $17mil STEEM is potentially a sitting target.

in steemit •  8 years ago 

Selling is shorting and shorting is selling. They are exactly the same thing when the price is falling. At the moment STEEM is being shorted and my guess is that due to the volume we havn't seen the bottom. If the ones behind it, and there will be more than one, want to take this down they could nail this to the floor at $0.01 if they wanted. It's all about liquidity and which side has the deepest pockets and at the moment the shorters are WINNING..!! Stephen

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8 years ago by

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