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The volume is low, though. Seems as though there is no panic selling, which is good. Plenty of people just holding.
This is all MMs trying to shake people out while they flip at half or single tick gains all day.
When I posted that, it was solid at about 250 million. It would dip a few million here and there momentarily from a trade, then jump right back.
LOL. You mean one that has more resistance?
He did say that he was bidding at 0008, so he may still be in there
I do believe so. The 0008 bid is solid. Even when trades happen at 0008, more bids show up there. It did this yesterday for hours. We still went back to 001 late in the day.
Those 0008 bids are holding strong. CDEL has over 100 million.
A lot of that, if not all, is probably to cover. If we keep slapping the ask they will eventually have to raise that and we run.
We will see 001 again today.
The bid is still huge at 0008 so I think it's people holding out thinking they'll get it, but that bid has been strong since yesterday.
Let's go! Slap that ask!
added more 0009s out of the gate. 001s were thin. What are we doing back at 0008/0009?
shorting dropped from 69% last week to 45% this week
Still less than 50% short interest. We can squeeze them. Slap that ask.
https://otcshortreport.com/company/UBQU
0008 bid building that 200m on the ask could get slapped down easily in the next hour
Come on! only 225k left at ask. We should blow right through that.
Sometimes it's all in the last 5
I have honestly always thought they were just a retail broker, but I have heard a lot regarding them and shorting in the last 6 months.
No one ever loses by watching from the sidelines, but no one ever one by doing so, either.
CDEL is 45 million of that 0008 bid and 80 million of that 0009 ask
That needs to get slapped down
Agreed. I picked up more at 0009
Gonna be holding a bag o money eventually
great volume, and the 0008s are thinning out. up we go soon!
I agree on the huge asks.
IMO .001 is a price point for some whales that get into a trip at .0001 or 0002, or even .0005
It's a 10x, 5x, or 2x mark.
Unless it looks like it's going to crash, they are holding out for that mark.
100% agree. As the real world comes down, sub-penny land is the place to be.
There they go...00075 trades. >.<
This is the exact kind of thing that can squeeze the shorts, so although I'm always cautious, I'm not sure it's in dump land for them yet.
Oh for sure. Yesterday half the volume was in the afternoon. I have all too often seen a stock pull back for a while then have more volume after 2:00 than it did in the morning.
With all of the new elements affecting this, it wouldn't surprise me in the least if we have people hearing about breakout stocks late in the day and jumping on them.
The key thing to look at is the fact that, even though the bid dropped to 0007, no trades have happened there yet. People are not letting go, which means the majority expects it to rise.
Yup. That's why I say we can break through 001 and get into the teens by EOD today.
Either a flip or a big short
Yup. Looks like the 0008 bids dropped to 0007. It should be able to push through that 0008 again quickly and those will come back.
I agree with BlueChip. If everyone buys a million more at ask, we can slap that and they'll get scared.
I'm no expert either, but I think you're talking about Level 3
I completely agree on the driving things down.
The first part requires that they have a ton of shares to sell, but it's really easy to scare people with millions of shares when they see their account drop by $1,000 $5,000, or $10,000 in minutes.
Often those driving it down are also looking to scoop up big when it is low, then flip it for a small move. The lower the PPS, the bigger they can cash in on those .00005 flips, by a huge factor.
Yup. We'll be back to 001 soon
Not a P&D, but shorters jumped on it yesterday when it broke out. Now it's a battle for which way it goes. We can squeeze the shorts.
I don't know. Is he showing L3 or L2?
It depends on how you're seeing L2, but I've never used anything that showed a chart for L2.
I've only been doing this for about 5 years, so there is still a lot I don't know, but I've always only seen L2 as a list.
Those 5 decimal place trades drive me insane, because you know there are MMs flipping hundreds of millions in that channel and at the same time driving potential longs away, so they can keep control of it.
If we break past 001 today, we'll likely see 002 tomorrow. I just don't see that being the case today.
If we broke past 001 before lunch, that would be a different story.
I could easily be very wrong, but that's the way I see it.
They also let it run a bit so they can short at a higher price, but when you see huge bids that don't move up, you know that they have to be getting nervous and hoping they can cover before it goes higher.
Think about this: if someone shorted 100 million shares at 001, and they have a cover bid at 0008, they would make 20 grand, but if they don't see it going lower, they are going to hold out for that 20 grand as long as they can before it breaks and they're underwater by 40, 60 grand. However, once they realize they can't get that, they will come up to 0009 and hope to cover as a last ditch effort to avoid massive losses.
L2 only shows you the highest bid/ask per channel.
It's good to look at, but it doesn't give you the entire picture.
That is a myth. Putting a sell does not lock anything.
They can actually borrow shares that don't even exist.
Not even sure why that's allowed. I remember reading up on some stocks recently (I think GME might have been one of them) where there were more shares borrowed than authorized, to the tune of like 150%.
I don't know if we'll hit 002 today, but if we break past 001, I bet we see 0015 by EOD. We could easily have a 100% day.
I see it moving much faster once we break past 001