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Re: Threeflight post# 15031

Wednesday, 09/01/2021 5:39:46 PM

Wednesday, September 01, 2021 5:39:46 PM

Post# of 28549
THANK YOU 3 flight- I spotted the exact same dynamic- Retail selling pressure broke today's trend plain as day and then PAUL followed suit. Furthermore you've got the market maker who has to make money as well to create a market. He will need to scoop shares. I had a friend today whose .043 bid got dodged and then someone grabbed .04 before the ask went straight back to .045- This price action shows us that the noteholder waited to see what retail would do with the news, and once it became clear the common shareholder wouldn't support the ask longer than 3 minutes following the open, PAUL said okay- and proceeded to whack the bid. I am 99 percent confident that we are blaming the wrong entity for this sell pressure, today. I'm not saying I believe retail is to blame OVERALL but certainly today, that's for sure. Here's the caveat- since the volume spiked today the average daily volume will move up as well which will allow 3A to move out quicker based on 7.5% volume. They will want .04 or better on 25 million shares to hit 1 milly. If it goes lower they will back off the bid and still receive preferred shares to make up for it. But we need to all look in the mirror here because its obvious our common shareholders are just as anxious to sell as 3A
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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