Enzolytics Inc (ENZC)

[MAGA_PATRIOT]

Foxi - This pattern really hasn't changed for 18+ months now. It drops end of day, because there is and has been a collaborative effort to do just that. I knew with 100% certainty that they'd drive us back under the fabricated 05 ceiling prior to close. It was a given. Once they've got a fabricated ceiling locked, theres nowhere to go but down, and right now they've got 05 locked up, and pushing to the next, which will be 045 (sometime between Thurs-next Wed). Today thru Wednesday could be the exception, because as you already mentioned, the settlement date and needing to pad the RSI some more before the next hard push down.

I am starting to wonder how low they're gonna push this? Never in a million years did I believe that we'd be sitting in the 04's without massive volume pouring in to scoop them up, but thats just not the case. With the exception of a few longs adding a little here/there, retail volume is all but dead. With retail volume being non-existent, and knowing that they already have and can easily continue to get away with what they've been doing, it's impossible to know how low they're gonna push it. I can't believe I'm saying this, but I genuinely don't believe sub-penny is out of the realm of possibility here. I guess it depends on how much longer muzzle status goes on, but it's not looking good at all in the short term (before anyone freaks out, I'm not saying that it will happen, just that it's a very real possibility if muzzle status continues for an extended period of time).

After this Q2 report, I think we've got a long ways to go before muzzle status ends, and unfortunately in the mean time, there just nothing to stop the push down.