Memo from Insiders: Dear Bagholders, Thanks for Buying Our Shares at the Top, by Charles Hugh Smith | STRAIGHT LINE LOGIC

https://straightlinelogic.com/2020/08/02/memo-from-insiders-dear-bagholders-thanks-for-buying-our-shares-at-the-top-by-charles-hugh-smith/

The only way to get top-dollar for one’s overvalued shares is to play distribution games: sell a little each day on the upticks, and buy back shares when they threaten to drop below the key support levels followed by trading algos.

When insiders have finished distributing their shares to naive and trusting bagholders at the top, then the price can flush lower with a velocity that shocks the complacent bagholders who saw only the inevitability of an endless rally rather than the inevitability of a collapse of bubble valuations.

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