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Re: DFLY post# 6847

Tuesday, 08/20/2019 11:08:36 AM

Tuesday, August 20, 2019 11:08:36 AM

Post# of 19252
I agree and i will add that this stock has a personality and that personality is lowish liquidity with semi serious bid whacking. Bids reappear only to be hit again. The ask though is almost always LIGHT. There is no retailers really selling, especially at "low" levels like we have now. So there is 1 presumed bid wacker and all retail, in this case is at like .25+.

So what happens is as soon as that proverbial "light switch" moment happens and some group or whoever starts actually buying consistently AT THE ASK, the stock flies because this stock historically has very little shares for sale on the ask.

All this stock has ever needed is some ask hits lol.

We noticed this interesting enough on that "fake" run to .22. When just 1 buyer with 250K bid took it from like .10 to .22 in mere minutes.