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I always look at daily short exempts. Anything over 1% of the float is extremely high. For NAOV that is 240,000 shares.
These are shares that never got delivered to the buyer. Basically naked shares. Since NAOV doesn't have options trading most of these shares come from daily short exempts that never get covered. MMs have T+6 to cover the daily short exempts before they turn into FTDs. That is why you will see MMs short a stock to gather shares. However if that doesn't work they have no choice but to buy them on the ask. NAOV has been wildly abused, for example on August 16th there were 3 million short exempts and every day there have been way more then there should be. This is also wht NAOV is on the SHO list.
Shares are hard to locate and some point the MMs are going to have to slap the ask real hard
Can you please explain what this means. I dont know what these numbers mean
I loaded more today. There is a storm brewing
Being that NAOV is on the SHO list that makes perfect sense
To me it looks like its the market maker shorting NAOV down to acquire shares at a lower price. There have been alot of shares traded over the last month and the share price has held its upward trend. That tells me that the recent months trading has put alot of shares in strong hands.
Today we broke and finished above the previous resistance of $2.90.
Tomorrow we dance.
Looking for a 10% increase in share price
Every uptick in stock price is met by fierce resistance and selling pressure! Someone is selling or shorting!
Patience....Prior to July 23, NAOV traded approx 200-300k shares per day. Since then the low volume days are 6mil shares plus. This is being accumulated for a larger run. Short term I can see $4.30
Volume will come, still on the SHO list and they haven't covered. HODL APE STRONG
If this goes in red today again then it will be 10th consecutive trading day this is in red! That’s highly unusual. Something is definitely going on !
It won't take much for this to blow!!!!
With all this high volume the last month, I have to believe big hands are accumulating. Daily chart is still intact as today we bounced off the lower end of the channel
Nice rip, keep the volume coming
Yeah these low volume days generally suck.
This thing is flat. Along with most of my plays for the day
When stock price is high at that time if either you start selling more stock or raise more capital by issuing more stock then in layman’s term it’s called as pump-and-dump!
How come all newly issued stock immediately came for sell in market?’
I don't know if there was an offering however it is not unusual for a Biotech Co to want to raise capital while the price is elevated
Raising the capital for what?! What’s their so dire need that they are turning to last resort of raising the capital?! & how come all additional stocks coming immediately into market for sell?! What exactly is going on?’
I assume to raise capital while price is high
And what’s the reason behind increasing authorised shares?
Yes and I looked like they offered some of those shares the day after the meeting. Gotta love it when companies bail out the MMs
Share count increased from 24,109,635 to 40,000,000 (proposal 2)
https://sec.report/Document/0001493152-21-020436/
The NAOV board recently approved increase in authorised shares. Does anyone know how many authorised shares are there now? & how many were previously there?
Market Maker has competition at $2.60. Will not sale his shares at that low
50,000 shares available, get ready for a drop at open.
100,000 shares to borrow 129%, looks like the emails IBK sent out influenced some peeps to loan their shares. We need buying pressure!!!!
Looks like we may consolidate in the $3 range for a few days. Still on the SHO list so MMs still have a lot of work to do. Buy dips and hold
Looks like we will churn on low volume today
I wasnt able to watch the share price today, but it looks like accumulation. Im thinking our rebound was cut short by the overall market turning down. The long tail could signal a reversal. Chart is still intact
Nice rip! Looks like the sale is over
Hopefully, looks like the sale is over
I don't see anymore large blocks being sold at or below the bid anymore. Time to move up!!!
i don`t think we see the big volume today....mm`s are going to drive this down to around $2.50.....i think a pile of buyers will come in if it hits $2
this middle east nightmare brewing....we could finally see a major correction....i`m going to lighten up on my tech holdings
$$$$$$$$$$$$$$ NAOV $$$$$$$$$$$$$$$
The company has to be dumping shares
I would love to see that
I'm seeing same set up as BTBT. NAOV has so many less shares. Today should tell us alot
Volume has slowed. We need to maintain higher lows and higher highs. IMO a close below $2.80 would set us back here. MMs were clearly playing games yesterday to get people to sell, I never seen so many sells below the bid.
85,000 shares available 180% rate to borrow
Hot out of the gates again
Hopefully it turns back around
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