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Re: BJ_Cooper post# 3996

Tuesday, 03/12/2019 2:33:23 AM

Tuesday, March 12, 2019 2:33:23 AM

Post# of 5907
Keep holding those shares. We'll be doing this all week, but the trading was a lot like I predicted it would be, yesterday. We started buying early on, and we were trying to guide the pps up slowly to not force a squeeze, but what we thought would happen did happen. The swing traders bought in and then everyone else piled on. We didn't actually end up buying that many shares, yesterday (a little less than a million). I can tell you FOR CERTAIN that the MM's were definitely responsible for shorting this stock down to the .50 level, though, because they were buying to cover under the bid. When I talked to the other guys, one of my friends said it was like being in a fight with a two tailed tomcat with only a spoon to fight him with, because the MMs were buying to cover UNDER the bid, and every time they would put up a large bid, the MMs would leapfrog it. They did that over and over, so we did get some shares, but hardly any on the bid. Most were bought on the ask. We finally broke the .54 wall and forced some shorts out. There was a squeeze from that, and another small squeeze at EOD. But the MMs were still playing games, even in AH trading. They were buying to cover below the bid still, and even when someone would buy at .575, they'd act like someone sold and put the pps back down in the .55s, even though no shares were traded. If you have L2 and were watching, you know what I'm talking about. BUT, we did provide a lot of support by putting up big multi-100k bids below the bid, even though those weren't shown on L2. The MMs were able to see them, though, which is why they had to force it higher. Also, we kept hitting the ask and chipping away at these huge walls they were putting up. Eventually they'd lift the bids and asks higher, but it really was an insane day of trading. We'll be doing this all week, SO HOLD! You should see a lot more volume as the week progresses. Good luck!