I think that the market-maker CSTI initiated a large short position last Friday (about 1.8 Million shares shorted last Friday, & most of that was by CSTI - I think)... They have until this Friday to buy those shares back, & they have probably covered a small percentage of their initial short position. Right now CSTI is shorting more shares (500K at $0.019) in the hopes that this wall will inspire us to fill their orders at $0.017...
The higher SIOR's accumulation climbs, the more difficult it will be for MM's to cover short positions. Right now, Accumulation is higher than ever & their short position is a bit excessive, judging from historical shorting... I doubt that they can cover all these shares by friday... which means SIOR's price will go up...
I'm waiting on funds to clear, but whenever they do, I'm going to do all I can to hinder their ability to get their orders filled - like entering a bid just higher than their high bid, or buying off their block of 'new' shorts they are using to inspire sales... Really, Holding &/or Buying hurts their efforts, Selling helps them, it is that simple...
I will reiterate: if we can hold our shares through friday, we should see the MM's buy well over a million shares at the Ask price on Friday... This will drive SIOR's share price up very quickly & be very good for our brokerage accounts... They will probably start pushing down their ask real hard before too long - as Friday draws near. They will start to realize that they shorted WAY too many shares last Friday...
AI
