Saturday, May 29, 2021 5:33:23 PM
The MMs operate by programing trading algorithms into their computers. The goal of which is to make money. They don't care if these profits are made while a stock is rising or falling as long as they are earning as much as possible on each move.
The MMs loved the recent Reddit generated BIEL excitement with its 400 million share trading days. While the high Volume made it difficult to manipulate the SP they made big dollars on the transaction fees and Buy/Sell spread.
IMO, to be a sustainable SP rise it needs to be based on increased Sales and Profits.
Announcements of FDA news, OEM Partnerships, Distributors are all great and show forward momentum but unless they are followed up with substantial increases in revenue and profit investors lose their enthusiasm.
The exception would be a Partnership with a major Player which included large amounts of BIEL compensation spelled out in the PR.
BIEL's Day is coming it is just taking longer than anticipated. When it arrives the MM's computers will be happy to watch the BIEL SP soar while raking in $$$$ from the High Trading Volume.
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