Thank you for the Great Video and Analysis GoBoom
I especially enjoyed the part where you reminded everyone that we have
had a crazy amount of consecutive up days with VIIC,
and at times too crazy.
I was really surprised of that insane rise to .044, never expected it.
In many ways, I discount it, because it seemed too insane, much panic buying in that run . . . .
And to have 2 to 3 down days is normal and actually very healthy.
in basic candlesticking - three consecutive daily candlesticks upward is a downward reversal signal - just like three candlesticks downward is an upward reversal signal - so if we go off of that alone, we can perhaps have 1 more downward day here to make it three in a row . . . .
Today and yesterday, I noticed BMAK which I am sure you noticed BMAK also.
BMAK is not the only MM playing the standard 10k games on the ASK and BID, there was a few other MM's playing the same game.
When seeing this, some cannot help but cry dilution when they see this,
and of course dilution has to be reported and announced, it cannot just secretly happen, otherwise there is serious laws being broken.
Im 99.9999999% positive that BMAK and the other MM's were not involved in dilution today because I do not feel VIIC wants to go breaking laws at this stage of the game - but - if you are able to shed some perspective on your opinion of what MarketMakers are doing in a situation like today (and yesterday) with VIIC (in the penny world)
I have my theories from experience, but this is always good to hear from other experienced traders . . . .
MM's are an important part of trading and the more perspective that we have on them from each other, the more I feel we can learn and profit.
Because there was a multitude of MM's out there today (not just BMAK)
with the token 10k shares on the BID and the ASK -
I really did feel like it was a scrambling party between the shorted borrowed shares and the bullish investor types buying and selling
yesterday we had a volume of 65,000,000 shares - which was nuts, two/thirds of yesterdays trades were above .03 cents
near the end of the day today we were down at .019 and within split seconds we ran back up to .023 before tracing back down again (I almost felt like that quick knee jerk upwards were shorts covering)
do you think there are millions of shares shorted out there?
Im thinking like this because of the fact that there was so much trading above the .03 yesterday - and there was multiple MM's today involved in the 10k game - not just BMAK
any perspective is appreciated
thanks again for the great chart analysis!!
