It is odd how different plays with very similar SS act so differently. I know there are a lot of variables at play for a price movement (up or down) but it has always been amazing to me how two stocks with very similar SS, similar volume, similar buying pressure, similar catalysts, etc - but one seems to run absolutely on the first gust of wind and the other will sit and churn and grind endlessly and even retrace despite a good catalyst(s). I do not fully understand MM games - although it is obvious they are played - but this explanation by Amadeus seems to very interesting. I am not versed enough to say whether it is correct or not, but I certainly think I have seen it before and it explains a lot of the counter-intuitive price movement that seems to happen TOO often now in pennyland. The shitty thing is it levels the playing field to some degree and does not allow those that do exceptional or quality DD, or even those that work to develop some additional momo on a play, to really separate themselves from just the "average joe" who is buying something solely off an email alert or something. You can figure out a company, a chart, predict/know an upcoming catalyst, react to news, develop some momo, etc, and still get caught in a fuc*ing ice cream churner of endless shares once this sh*t starts imo. All just my 2 cents though.
The Phenomenon only provides his/her opinion. Do your own DD, or don't, but my thoughts are my opinion only and not to be taken as advice.