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Tuesday, May 18, 2021 1:55:04 PM
First of all, MM's don't CARE what the share price is. They fill orders that are within their spread, period. They adjust their SPREAD to compete against other MM's for orders. No one looks at these penny stocks - they are all computerized, no human hand is involved in these sales.
Gaps are meaningless. They exist, and penny stocks go up and down regularly, so it is natural that they would get 'filled' sooner or later. But it is meaningless to speculate that a gap MUST be filled.
There are no shorts in penny stocks. I won't go into the fact that no brokerage will permit it, but it would not make sense to bet a penny stock would go down, when they all go up and down all the time. Buy low and sell when it's higher - or bet it goes down, and lose your ass. It is financially not a viable trading practice in penny stock, even if you COULD do it. No, there are no shorts. Short volume is meaningless to traders. It just shows that trades are happening.
NO one is trying to drive the price down. It goes down because people sell at market. Or below the current price. That's giveaway money.
Coals in the fire is also meaningless. It is the steak from the coals that we are looking for, and we haven't see hide nor hair of the beef yet.
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