Enzolytics Inc (ENZC)

[foxi]

I'm personally of the opinion that the hype surrounding this stock is stronger than the frustration people feel seeing it stay mostly red. Am kind of doubting we'll get news soon but price could go up organically as MMs lose control of any sudden buying pressure, which would also help convince any longs who might be on the fence to hold.

ENZC is only getting more attention and I'm not seeing much in the way of smear news & bashing, compared to hope & hype. mAbs for covid are a hot commodity. Just the possibility that ENZC will have good news about mAbs tech keeps the hype train rolling. Plus all the possibilities around ITV-1.

The charts aren't meant to scare, only to report where it's at. MMs would absolutely love for trading to fall out the bottom of that triangle even a little, as they would be scooping up all the shares. So I am trying to keep an eye out for who might get such a selloff started and who might get roped in. I know the longs on this board generally want to hold (and Catpole made a great observation that longs who took profits have probably been averaging down) but who knows about longs in general. A few spooked longs have potentially a large supply of shares at play when buyers haven't been able to raise the price with the current supply. Tax incentives alone aren't a great reason to sell, but they could help people with many shares rationalize selling in a panic if this falls through.