Did everybody catch the 197000 shares bought at the ask at 15:41:44 at a price of .0399 ? I specifically watch for big buys or sells as a "tell" in the minutes leading up to an end of day & that is precisely what thi s was, IMHO.
Somebody looks to have wanted, all day, to get in and to them do so in this way was important. It tells me that they wanted in at a discount if possible but not getting the opportunity to buy a pullback, they went ahead regardless of price. They would have watched all day in hopes of a pull back that they could use to get in and they never got that so instead they decided to pull the trigger at the ask before it got too near to the EOD.
I've personally been in the exact position on stocks I've either wanted into or out of, so thats where I get the idea that this is what this 197K share buy at the ask tells us. I'd be there trying to get in or out and, as the day comes to a close, I have to bite the bullet far enough from EOD to get a fill of all that I'm trying for (whether selling or buying). 19 minutes prior fits this model of behavior to the tee, if you ask me.
So, I am delighted to see it. Good to see, IMHO. Good event to have happened.
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
