Yeah, I bought another 1/2 million SYS in that price range. Except I am not flip-selling them for cheap, like so many people that are doing exactly what you said. I plan on picking up another 1/2 million or even 1 million before the selloff ends. I might start selling small batches of 25000 per day, when the price tops 2000 each. Maybe.
- many people are buying at 380-480 satoshi levels and they are selling out at 500 with a decent profit, because they know that sellers will surpress the price at 500+ satoshi levels, so we will have to deal with people swing trading at 380-480 satoshi - it will last for a few weeks I guess, until someone decides to buy buy wall at higher levels or something huge in PR terms happens
I have to agree. That's basically what I am doing. SYS gave me tons of money already. Buy at 400, sell at 490 and never let the price go higher = profit.