MUST READ $MSPC My take on what is Currently happening here. This is merely my 2-Cents opinion, I could easily be wrong? But I doubt it.
My Gut Instinct is telling me that alot of the peeps with millions of shares on the ask @ 2 bought in at 0002 & are trying to just get out at break even, others bought in at 0001 & are trying for a double at 2.
There may be a few who bought @ 3 & are trying to get out at a loss?
BUT...
If something were to happen like NEWS, or HUGE BLOCKS of Buys start coming in, I believe we would see many of these peeps with sell orders at 2 WOULD DROP THEM in a New York minute (If they can before they get bought?) & the Ask would jump to 0003 like that.
I believe we are seeing this because we have many Rookies who bought MSPC thinking it was gonna run-up much sooner than they thought. These are young rookie traders THAT HAVE NO PATIENCE For runs like this.
I believe this stock is gearing up for a Run-up and IMO, it's gonna Happen Very Fast "WITH NO WARNING" when it starts.
It's gonna Catch many of these young Rookies OFF-GUARD, & some Big Players are gonna scoop-up their 0002's before they have time to change their orders to 3 or 4 or higher.
AFTER THIS I believe that L2 is gonna be Quite Thin.
Simply because HUGE Blocks of shares have been moving around the table from the Impatient to the Patient, and those who bought in at 0001 & BAILED TODAY at Break-Even.
Their shares got EATEN-UP BY MM'S Who are either Loading their Inventory for a Run-up and/or were Covering Shorts as well, most likely both were happening.
I know this because there was over 234 MILLION Shares Printed at 0001 BUT THE BID & ASK DID NOT DROP BUT ACTUALLY INCREASED! Hence Cross Cover Trades between MM's getting ready for a run.
