Wednesday, August 16, 2017 8:58:12 PM
I see signs we could be close. Had 4 different Bids of 300K or more from 4 different market makers simultaneously this afternoon. Nobody was selling into them. Almost 2M shares on the Bid at once is something I haven't seen in a long time here. The most active market maker (CDEL) usually has the best Ask and they didn't for most of the day. They were well off the best Ask.
Once friends, family, clerks etc. jump in to front-run smaller orders is when you usually see these promotions begin. The accumulation by the main players appears to be done.
They will take out the weak hands first with smaller news to get it above 2 cents again and then the promoters will try to get it to take off. The hard part will be to hang on until the momentum traders pile in for the highest pop and not get out too early.
Hope you were able to get your average down. Good luck!
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