AIkido Pharma Inc (AIKI)

[mannken]

Your exactly right

Just like any other trade balance, once it gets too crowded on one side of the trade, it moves with velocity to the other side.

The last couple of trading days are somewhat indicative of hitting the bottom of the barrel with sellers, today we closed up with an inverted hammer and a higher low. I'll be looking for a candle close above the bottom bollinger band 1.06 ish or higher in the next few days to signal a possible bottom in place.

We do have the reg sho to contend with, obviously there is a recent daily pattern of opening bigger blocks sending the price action down, which is probably a hedge shorting naked. If they have exhausted all sellers and there is less than ample money to be made on the short side, only one thing to do is start closing out the short positions, which we may see in the next few days with controlled price action.

I've been buying 1.02's, should pay off well in a few weeks.

If not and there is something underlying that we don't know, I'll cut & run until a later date.