Once in a while there's a ticker that jumps out at me as trading way out of it's realm of the 'norm'
This time $PLFF hit my radar.
First, it's a very dormant ticker. Charting its historic activity, it's never traded more than a couple hundred thousand shares (give or take a few) in any given trading session in the 9+ years it's been traded and those were few and far in between each other
But now in the last month those spikes have been getting closer with the last week or so hitting historic volume levels twice consisting of almost all buys on the ask and very few shares hitting the bid
The last volume surge last week was followed by some very hefty bids including a $15,000 offer at the top bid in the mid subs with Friday's close showing a few hundred grand share bids sitting at and above .01 with zero fills. That's the bid moving up 100% with big blocks and zero fills
Key takeaways for me indicating a run is coming are the sudden interest in the ticker, the TA is updating S/S daily, and the last Q reported positive equity with over $7m in assets
Safe for me to say, based on experience, this type of activity usually indicates the company may be bringing the ticker back up to date on filings or there may be some type of change in control about to happen
In any event, keep this one on close watch, it could get very explosive imo
