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Saturday, January 11, 2020 3:32:13 PM
I made an account just to let all the members here the following.
On Friday when the volume was about 29 million a trade alert service informed it´s members to buy PCTL. So I presume about half the daily volume was thanks to those members. Know that anytime next week the sell signal comes about 30 million could be sold. Fast.
Knowing this would keep our board's members from panicking and instead use this info on their advantage. I know FF would love screaming about dilution. It´s not. Just a lot of retail members following orders. When you get about 200-300 people buying during the last 2 hours of the trading day, then that is what you saw on Fryday.
Those members mostly don´t buy on the ask as their goal is to get the best price and not drive PCTL to the moon.
Hope this information helps avoid panic when about lots of people want to get rid of about 30 million shares.
PS have been following this board since July. Appreciate the mods and members that have kept the positive mood and done great DD. I´m also in for the long run.
PCTL to the moon
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