Amfil Technologies Inc (FUNN)

[recinvestor]

There is a very delicate dance taking place here in the bid and ask side.

Here's what I see happening:

I see CDEL and NITE playing the bid and ask side very strategically! And smart whoever is controlling this.

A patient responsible seller wants out but isn't willing to tank the price while they sell and are patiently waiting it out to get their price. There will always be profit taking along the way and just because someone sells, doesn't mean they don't believe the price won't continue trending higher. Someone can sell and still have a significant position.

Last week CDEL and NITE had large chunks on the offer that slowly got dwindled down with some decent buys on Friday.

There's still some that remains from those chunks from last week and to avoid showing full size, CDEL drops the ask to hide the size, so as not to scare or intimidate buyers willing to pay the ask.

On the flip side, NITE and CDEL are moving around on the bid accordingly when the ask comes down to hide the size on the ask because there are buyers interested in getting in, but only on the bid so they can build a position wisely.

This is a delicate dance that causes constant shifts in the bid and ask size that if you watch as closely as I do, you catch. The shifts happen very quickly. I've seen large asks and large bids flashed briefly, before being hidden by a lower ask and or higher bid.

This tells me there is equal interest from sizable money. But the key is that there is sizable money. This could be one and the same party too, using a large position to try and control the slow and steady price movement we've had.

Eventually I see this delicate dance being worked through and starting again at higher levels.

This is smart trending trading at its finest. Something we don't often see in the OTC, but rather on big boards. This creates a more natural smooth trend that keeps the market a little more balanced than the OTC.

The oddity we have here is that AMFE is held by OTC mentality investors, but largely trading based on strong fundamentals that is has more characteristics of a big board.

In my opinion, those who just hold through the delicate dance being played right now, will be more than fine.

Just my two cents worth...
Long on AMFE
Rec