Celsion Corporation (CLSN)

[TOB]

CLSN Second Chart

We clearly see the first blue arrow on the 1 second chart, which was a total of only 226,662 shares, both buys and sells which triggered the move after a gradual slope.

It would not have taken that many sells to trigger, as many stops may have been set as market orders at $8, people liking round numbers. Thus the second before could have triggered that second with the first blue arrow. Only about 6,000 shares, both buys and sells. That was the second that dropped below $8

After that, we had some additional sales, until the next logical stop market order level was hit $7. Notice that is exactly the second large move down marked by the second blue arrow.

Again, people set stops at round numbers like $8 and $7, others just below prior low fractals. So it would not take many shares sold to elicit this trigger of stops mixed with some panic selling.

It could just be normal selling and then the triggering of stops, or an intentional trigger by a larger player wanting 3 things.

1. Jan Calls to expire worthless that they sold.

2. Cover short sales at a lower price

3. Pick up more shares cheaper

4. Pick up more calls cheaper or offload Jan puts