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Re: gempicker post# 17046

Thursday, 08/06/2020 11:42:33 AM

Thursday, August 06, 2020 11:42:33 AM

Post# of 43790
Agree about the boxing, there are attempts to keep it 0026 to 0030 with a lot of traffic crisscrossing 0028. MMs accumulating inventory to sell back to us at a higher price or to "make the market" for any conversion offer that pops up during the day for execution and our whale has temporarily wandered off to another OTC zip code.
I object to market term 'two tick traders' because it is implying that day traders have a personal hygiene problem. smile


Well that’s why they are boxing this in. To absorb any conversions which are probably close to exhausted now given the timetable and volume slowing plus the 2 tick traders lose interest.
Whales, longs and MMs holding most of the shares will result in dramatic price increase when the FINCANN and JV news hits with additional activities in pipeline



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