This is possible with the shares offered by NITE on the ASK…BUT…this has been a regular pattern in recent weeks…to set up a wall on the ask, or a huge number, by the AXXE MM, NITE…and other MMs that take turns…which enables the shorts to cover, and scares a few newbies…and some veterans, to sell their shares.
High numbers flashed on the ask…followed by lots of red on the bid. And, there might be a few daytraders just messing around, as there is not enough volume for them to mettle or plunder…
Actually, the MMs are offering the Bears and the Bulls an equal opportunity to move the PPS in either direction... WHO WILL SEIZE THE OPPORTUNITY THE LAST 30 MINUTES...
I hope you are right, as a little bit of green breaks the monotony of red all the time. Frankly, one can only speculate and wonder how the PPS went to $.10 earlier in the year…especially with 3 billion shares in the float. We might have to turn over a billion shares during the trading session to cause the kind of initial run that will take this PPS to $.20 and above. Yes, it could rival MDBX with the right combination of events.
Get that float amount down, Shearin, and then we will see what you have to work with, and the millionaires will be made then.
Also, in order for a strong, sustained run that keeps climbing, the long shareholders need to space out their selling of shares when they take some profits, as to not cause the PPS to reverse and lose momentum…
JSTIC…Could you clarify your previous statement to my post…thanks… “OTC Short Report is NOT what you think it is. There is no way of recording every day short volume. It's MM transfers, which tells very little. Could be covering, could be wash, etc. Anyway, no way +50% of the float was short selling today. Sorry, not possible and run 12%.”
STAY ENCOURAGED…Be confident in your DD…Have faith that this company will rise up and be a financial blessing to all that are patient…
My one post of the day… $1.11 All JMHO, of course, FWIW
“Wisdom is glorified in the Market Places. She raises her voice in the street.”
