iQSTEL Inc (IQST)

[peterpanwasjusthere]

Someone(s) has been loading up the shares on offer and testing the strength/depth of the bid interest in the stock today. It started around the $1.43 level with ~70k shares thrown at the offer, and has been working its way down since. Each time the stock catches a bid, a new 50k share chunk of share gets revealed on the sell side. We need meaningful buying interest to push through this or I'm afraid the shorts will pounce before end of day. Assuming the regular posting bulls on this board are close to full on their target positions and have little interest in averaging up at these pricing (normal market behavior), the shorts will use a lull in buyside interest to press their cause. This is why meaningful news from the Company is critical - it's what pulls new investors into the stock at these higher prices. Good news is it does appear there is a buyer(s) lurking behind the bid that is taking sizeable chunks out of the offer book opportunistically.

For the first time in several days I am not pressing the bid as i'd like to see how the stock behaves today as we head into the weekend. We could see the stock close down or up significantly based on the trading action we've seen thus far this morning.

GLTALs