InvestorsHub Logo
Followers 126
Posts 7338
Boards Moderated 1
Alias Born 12/03/2017

Re: BigJuan post# 69422

Thursday, 01/28/2021 11:57:34 AM

Thursday, January 28, 2021 11:57:34 AM

Post# of 198943
Yup.. That's an understatement.. My 2 cents..... There are 2 things at play here...

1. There were a ton of shares accumulated in the .21 - .23 range on Tuesday & yesterday. However, as we all saw on Tuesday, this float is as locked as locked can be, so I'm guessing that a decent amount of those shares sold in the range, were in fact "Ghost-Shares."

MM's need to cover those shares, which was the purpose of yesterday's BS 50% drop/raid, as well as last nights joke of an article, as well as today's action. The buying pressure has dried up, so they can control the pps again without the risk of losing too many shares.

Believe it or not, this push back to .17 (oops .16 as I keep typing) happening right now, is not retail selling, especially when most just bought at the .21-.23 range. If we continue holding, this goes back up quickly. Let them play catch as long as they like, but don't bite!

2. The GME thing royally screwed a number of firms, mm's, etc... For example, our buddy CDEL tried to bail out Melvin Capital, only to watch that $$ get washed away with any hopes/dreams they had of it being repaid back to them. Does anyone think that CDEL will just shrug off that loss and move on? Seriously doubt it. Instead, they resort to the OTC, where they can get away with murder.

It appears that mm's are banding together and working more in sync now, than I've ever seen. Has anyone else ever seen VERT move off of their high asks on this ticker? They are now.... OTCX on the top bid? We drop 40% combined yesterday + today? This is not organic, so again... Don't bite!