Enzolytics Inc (ENZC)

[Timing101]

Suny.. I would say this is normal. First catalyst in , folks are absorbing the news.
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I find it interesting that the article (it is confirmed by Samsung) is still not showing in OTC Markets, but it is on twitter, Bloomberg and other sources .
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I also believe that some of the MM's had some clients that have shorted this in the past and like MAGA indicated, the cycle had been to drop back down , so these type of folks have to do a few things
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a. if they shorted they need out and it would be very risky ( remember my broker Etrade does NOT allow OTC shorting , period) to stay in and hope it goes down more. So if a shorter is really out there they have to "sell back the borrowed share" and if they shorted it at 17 lets say they have a loss, but there is no end to how much one can loose on a short . I think one will see some more selling of folks that will get shook out when any shorters (TBD) exit as they will think that is it.
So one
can as I said before research that , I have done it on the big boards before but was so uptight about it ,rarely do it anymore.
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b. It is fast approaching 40 million shares traded for the day into the second hour . That is
big for any OTC stock and for sure it has many, many scanners , folks know that and they know that something else is coming.
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c. This is a very , very important range we are in now .. if you look at the chart (and there is plenty of charters out there) , but just basic stuff you will see back in time July , Aug, June , this is the area that if it breaks out into the 19 area solid and consolidates from where it is now , then can break 20 , it is open water from there. Another catalyst today of some sort would be wonderfu.