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Re: None

Friday, 11/05/2021 5:10:44 PM

Friday, November 05, 2021 5:10:44 PM

Post# of 81502
A well supported price late in the day today was probably around $1.13 but in the last minutes the Ask shot up and the Bid dropped down. It stymied positive movement IMO. $1.15 was a ghost. VWAP was even lower.

I don't think we should underestimate the MM's ability to create an illusion of what's happening on the demand/supply side. Buying that actually drives the price down? Is it true? Yes, it's true and it was happening today.

Nonetheless selling appeared to dominate the day. Is this related to the PIPE shares that flptrnkng refers to? Are the last two big dips related?

I think we needed that purge. Hopefully we get material news of progress before we need another (sarcasm).

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