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Lol.....Is that like a sick joke or something?
Yes very interesting indeed. Someone or mm definitely absorbed a shit ton of shares down here, curious to see what the new year looks like. Last year we had a massive pump but doesn't give me the same feel/look but anything can happen.
It's pretty clear they don't care to hold and would rather take a huge loss for their books, happens all the time.
I agree Outlook, PUMA was not a factor yesterday really. The mm took the price up premarket, found out quickly after the market opened that there was no support/buying pressure above .0580, the 200 day, and the price just naturally came down after you had people selling on the BID. To me the market trading here in OTC land has been very sound, smart, and technical. Basically taking profits or selling when we meet a resistance area, just like you are seeing on the big boards. Until that changes, I think we are stuck in this zone like most other stocks that are in the same boat.
Good call 2B and that's exactly what it looks like to me is happening on L2. These are BIDS/BUYS that I think are intending to go long, and not just the recent pump and dumps we've seen here based on oversold technicals. People slowly but surely starting to build or add to a position. Only time will tell and the next couple weeks should be interesting. Last year CC gave us a couple PR's I believe right after Xmas so, can't rule anything out.
Been a long time here 2B to see this kind of movement and price support on L2. Normally we would have fallen back through by now but BIDS keep popping up to buy/accumulate. Hopefully reaching the 200 day is a third time is a charm scenario, and we can finally get a break .
This has a definitely different feel to it Catpole, even before the audits came out. Last runs were all pump and dumps basically on a oversold RSI. This has the quiet accumulation effect going on, but only time will tell.
I noticed VERT pop up too but never active til today they were on the top of the BID for 10k, interesting, along with big BIDS building up behind us
Only one reason you ever see a mm at the top of the BID only, buying only........
Anyone notice VERT only on the BID?
Not really, there is ways they can go months without replacing the shares.
Good day here on way above avg vol, at the end of the year and in a really bad market overall. The launch and sale of IPF Immune, and now the long awaited audited fins are both in the history books as we move closer to 2023.
Definitely looking forward to the last toxicology study to be completed in the 1Q next year, along with our animal mab partner, both should be really big catalysts here. It's never easy to break such a long bearish trend, although we did it temporarily back in Oct, hopefully this time will be different. If we can somehow get above and hold .06, that will be a great sign moving forward.
Been such a long time since we have seen any kind of buying vol on the ASK Foxi.
Yeah 2B, no vol right now whatsoever. She can move on light vol a bit but just can't hold the gains with this type of vol. Just goes right back to whatever the support area is.
We might just do that with the right news to coincide. PUMA is a smart mm and operates differently from STXG. PUMA is accumulating shares quietly for their client, while STXG only dumps shares with their seemingly unlimited 10k ASK. I mean a mm that is only looking to sell shares well you know how that turns out. It's fun when it's the other way around, where they are only on the BID to accumulate, kinda like INTL did here briefly, and steadily moving up the BID as they go.
ASCM only arrives to short a stock, and they quickly came here on the run to over .07 most recently, so you'll find them on any runner. Actually free money for them to short any spike in the OTC right now. They used to have to kinda wait a bit in the old days when everything was running, but eventually even back than they would get ahold of it, or they stayed on the sidelines if the market was too hot.
I just think STXG purpose is different, it's a sell at all cost to get rid of shares, and only shows up on the ASK, nothing is ever good when a mm is only on the ASK.
Charles & co are going to have to deliver some major milestones to move the sp higher, people are just taking a wait and see approach right now towards the end of the year.
I mean why else would anyone sell at .28 cents after the RS pre-market? That's like a penny before the RS. So that was my only logical explanation is that the early traders didn't realize and thought they were getting a steal by selling. I could be wrong but that's the way it looks to me.
I mean you should be able to, not sure any way they could possibly correct that. The correct BID/ASK were displayed imo
Here is what I think happened, as I was watching it from the get go. I believe a lot of traders didn't realize there was a 25/1 RS, so they saw the sp and just started dumping. I mean no chance it could get down to under .30 like that. TD Ameritrade had the BID over $5 and the ASK around $6.5, that's where they started roughly, so I'm not sure if they can claim a glitch or not.
I disagree and believe it was mainly STXG at the time, who only was on the ASK with 10k and was dumping like crazy daily, and even when the ASK did get smashed it didn't matter, they just moved further down to sell even more shares. Besides them you had the other mm's with also very high ASK's, further compounding the problem. Someone offloaded millions of shares during late August til early October.
STXG was never a buyer only a seller. The vol right night is anemic and basically an all-time low, but PUMA is buying shares is the key. Look at Monday when we spiked a little, I don't think if we get some decent buying vol that they have much resistance like STXG. They quickly move off the ASK unlike STXG.
If you go back and look at the buys/sells during that time period, everyday was at least 80/20 sells to buys. Just hard to maintain a sp with that much selling pressure imo. I mean sure they can drive it down and you may ultimately prove to be right, but I would think we would see more vol if they do, right now it's not a lot of interest either way except people dumping some for tax purposes.
Yes, they are soaking up a lot of shares on the BID only, keeping the sp elevated. For what reason is anyone's guess, but I would think it would be a positive. Vastly different right now than the last 2 December imo. But PUMA has a certain way of buying for their clients, and it works for them. Pick up as much shares as possible without being aggressive.
I agree MAGA, and probably the biggest reason we just haven't tanked to new lows yet. I actually believe it's the support of PUMA that is keeping us here at these levels, when retail has no interest whatsoever. Otherwise, they could easily run the price down here as they have many times before.
Catpole, PUMA has been here for quite sometime, and they have definitely been accumulating, for who nobody knows and is all just guessing at this point. IPF news was not what's going to move the needle here, so the sell off after the small pop was not surprising. Audited fins, animal mab partner, and the toxicology study will be much bigger catalysts. They are definitely in no hurry to buy and doing it under their terms it seems. This week and next week are always the worst, but as of now we are trading on extremely low vol, so can't tell much either way at the moment.
Yeah as 2B pointed out, they are also on ILU* the same way there as they are here. So it seems they are all in when they do get in on ticker, otherwise they just stay on the sidelines. Definitely not as much selling as there was so far as compared to last season, but we were also much higher in sp so. As always we'll see what happens.
Also, I'm trying to look at many other OTC tickers, to see if PUMA is on any of them, and where they are this active. Haven't found any yet, just didn't know if you were familiar with any before they appeared on here. The tickers I see them on, the are not active and way down the BID/ASK list.
PUMA is right where they want to be, on top of the BID/ASK with a large spread. Trading seems to be completely choked down at the moment in this area. Before this little mini-run the other day, there was a big BID in the .0390 area, seeing if this area holds support over the last 2 weeks of the year. Not sure when PUMA lets off here, but doesn't seem to be in any hurry.
https://www.google.com/amp/s/m.koreatimes.co.kr/pages/article.amp.asp%3fnewsIdx=288404
One example, I know there is at least 1 or 2 more
From what I've seen at other companies working with Samsung Biologics, it's been taking around 2 yrs to get IND approval from the time they started working with Samsung. Could be a bit faster now, as they claim to go from gene to IND, but I don't think they'll announce they have applied for IND, only when they get approved.
No, I stepped away from the computer MAGA. But I don't doubt it.....lol
Thanks again Foxi!
Yeah they have backed off for a second it seems.
Did you see when a BID came in at 143k at .0403, that PUMA had to immediately jump ahead of them. Just really hard for anyone else to try and accumulate shares if you have to contend with PUMA.
How are the technicals looking Foxi? Seems we got rejected by the 50 dma, so probably not much has changed.
Yep, I'm going to try and remain positive that this will ultimately be a good sign here, but I'll repost this once again for those who haven't seen it or may not understand what we are talking about, because this is spot on and was written I believe 6 yrs ago......
Of all those listed, PUMA is one which can make you pull your hair out more often than not. A lot of times you will see PUMA on the high bid and rarely, if ever, on the ask. Then, there are times where you will see PUMA boxed in (on the high bid and the high ask) with a wide enough spread to “scalp” the in between as well as scare investors into selling to them on the bid.
What PUMA will be looking to accomplish is one of two things: either accumulating ahead of an anticipated public event, or a short covering before a possible move to the upside. Either way, this battle can last weeks and makes seeing them atop the bid/ask of a ticker one you will only want to enter into if it’s understood you could be there for awhile.
Most people don't watch L2 on a particular stock this closely or for this long like you and me MAGA......lol But they definitely have stood out. Seems like they are never going away. I remember the good old days when it was basically CDEL as the ax daily.....lol
Yep, they are like a big giant bully right now. You see the way they behave when someone even tries to get ahead of them on the BID. Look at NITE today, had that 500k BID almost all day and just folded towards the end of the day. PUMA is relentless all day everyday. At least STXG I believe would let up sometimes at the end of the day.....lol
I definitely agree MAGA, and it's just not as dramatic as you have pointed out, we are already down to bare bottom levels here. So not as much meat on the bone for them to get like Dec 2020, but they are taking what they can get. The end of this week and next are usually the worst, so we'll see how it goes. I think we sputter around the high .03's or low .04's, but anything can happen.
I was looking at many other OTC tickers to see the actions of PUMA, and none that I saw had them anywhere near the BID/ASK. Would just love to know who/why are behind them.
No problem 2B...... Liquidity really dried up this year because of the Fed tightening, which has really had a dramatic effect on ENZC imo. It just becomes really hard to do anything when you only avg 2.8 million shares a day, which for today's conditions is not bad, but nowhere near what we need to maintain a much higher sp. When we were above a dime, we did a minimum of 10-15 million shares a day. We probably have had less than 5 or 6 days this year where we did that vol and were green.
Yeah 2B, unfortunately I don't think there is anything you can do. With very little retail interest, a mm like PUMA can pretty much do what they want. Before PUMA it was STXG & co, so it is what it is. It's the OTC pinks and liquidity is often so hit or miss.