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Alias Born | 04/13/2006 |
Thursday, May 23, 2019 3:55:21 PM
There is still dilution. Yesterday I thought it was retail that brought the stock from .0139 to .0083. It wasn't retail, and, I only discovered when I saw that 1.2M shares T-trade after the close.
T-trades are dilution, always. And usually when we see T-trades, the run is very close. It was this way in many stocks I traded before, and the last one was IRNC. It ran a coupe days after two big T-trades.
I know that CDEL is the main dilutor. Since a few days he began to be on the bid with some big size orders. I strongly believe that he is selling to himself. He is dumping the shares from the debt notes, making money because the toxic financiers pay them a commission/fee to sell the shares, then he buys them at the bid, and immediately put them 10% above on the ask.
MMs are here to make money in all possible ways, and they are doing just that.
When the dilution is completely done, and with the T-trade, I believe it is really almost done, and the buying pressure and volume increases, hopefully due to some good news, then they will stop with theses games, and will let the stock run, selling at much higher prices.
That's it.
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