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Re: congotongo post# 400

Tuesday, 07/20/2021 2:06:50 PM

Tuesday, July 20, 2021 2:06:50 PM

Post# of 4946
Extremely low volume walkdown, these generally look worse than they really are.....however, it does not help that the large bid support this had for several months vanished as the initial 9.5M shares were cleared and deposited.

That's not necessarily a lot of shares.. but... when there is zero demand, I'm sure the algo's back off, and lower their bids....If and/or when volume comes in their bids should rise pretty quickly....no guarantees though.

However, I've seen this happen pretty frequently, as virtually all of my tickers are very thinly traded, as this is right now...... if volume does not pick up post merger though...we could be in deep doodoo, with 9.5M currently tradable.

My motto is, no matter what the current sentiment is.......Volume Cures All..!.....so we'll see what happens post merger.