Enzolytics Inc (ENZC)

[foxi]

I think you're right, and yes we'd need high volume days like that to know for sure.

I imagine a smaller group of longs who bought in the trips hold the highest per capita in retail shares. If these longs were bearish and liquidating, there'd be significant sell pressure due to the number of shares I assume they've inventoried. We HAVE seen significant downward pressure between June and September, so I bet there was a period of longs letting go of shares that temporarily increased the float, leaving more for others to buy.

If longs from the trips are taking profits now, say after achieving their 1y with a more favorable tax rate, this could also provide a steady trickle of shares to help leave the float nearer to status quo. Seems like they'd hold anyway if this is trending up at all. Retail players like me who entered in the dimes aren't going to have as much sway whether we hold or flip since our share hoard is orders of magnitude smaller. I'd like to think that all the newcomers are buying and holding but the reality is that's too expensive for many traders, with the rest of the market heating up.

Institutional investors can lock up way more shares than retail almost any day. I'd think if they're accumulating we'd see a slow uptrend and steady increase in buying pressure due to a diminishing supply of shares. And indeed, that's what the charts are suggesting for now! :)

Have a nice weekend!