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Friday, 05/07/2021 1:32:47 PM

Friday, May 07, 2021 1:32:47 PM

Post# of 4271
I analyzed the recent move from 73 cents to how convenient, back up to a dollar in order to be compliant with NASDAQ. Now some probably jumped on the bandwagon knowing what was happening and that the goal was to get the stock over $1 by the end of the day. Buy and sell at the end of the day for a quick profit. Makes sense. Also explains some of the pullback back to the low 70s. My question is who would spend money on shares to get the stock up over $1? Again, a percentage was day traders getting in and out. However, was there a motive by other players to ensure the stock went over a dollar. And were they willing to buy shares knowing the next day it would drop and they would lose money?

Perhaps I am reading too much into the movement. My crazy theory is some investors were willing to lose money on the swing in order for the stock to remain NASDAQ compliant because they know down the road there is good news coming which will escalate the stock pps further.

Goal #1. Keep it listed on NASDAQ.

Goal #2 Profiting from the upcoming catalysts that will give them even better gains down the road which will more than cover for their loses on the swing.

Is this crazy talk?
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