CDEL and ETRF pushing down WITHOUT selling their blocks, they don't want to sell the blocks.
This likely means they are one of two things:
1) They are short as shit...the shares they have listed on the ask are a LIMIT SHORT order. The number of shares they can show is based upon the number of available shares. They are listed on the ask, they don't actually want to sell these shares as it is likely higher than their average short position PPS and it would cause them to be even more short. They keep moving the shares around to avoid them from getting bought, and also to force retail to sell at a cheaper price (dump on the bid) so they can cover.
2) Someone is loading shares and has 2 accounts, one with Etrade and the other with TDA or something, basically putting shares on the ask they don't actually want to sell to create downward pressure. We've seen sizable bids come up, and the bids get sold into without the ETRF or CDEL ask blocks changing. This is how you know they do not wish to actually sell those shares but wish to influence others to.
In either of these 2 cases. CDEL and ETRF will sell small amounts to the bid to clear small bids off the bid leaving the larger bid (60k bid) exposed for someone to dump in. After the small bids are removed, CDEL/ETRF will slide their big bid down to make it look like there is increased selling pressure to hopefully convince someone to dump. They will inversely try to protect that large block on the ask (100k or so) by stacking small asks in front of it so buyers can't easily chip away at it over time. However chipping away at the small asks does a lot of damage to them over time. We chipped at their asks during the .018-.033 range relentlessly driving them into a more and more naked short position.
Less likely scenario:
1) Two entities want to sell large blocks at the same time and don't know how.
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These are classic shenanigans on a stock that has held gains for an extended period of time. Market makers get away doing this with the excuse of "we are increasing liquidity and making the market."
This is all my opinion, remember I am long on this stock so obviously I want it to go up, but I mean....just watch.
