Enzolytics Inc (ENZC)

[Tkmoney1]

I disagree and believe it was mainly STXG at the time, who only was on the ASK with 10k and was dumping like crazy daily, and even when the ASK did get smashed it didn't matter, they just moved further down to sell even more shares. Besides them you had the other mm's with also very high ASK's, further compounding the problem. Someone offloaded millions of shares during late August til early October.


STXG was never a buyer only a seller. The vol right night is anemic and basically an all-time low, but PUMA is buying shares is the key. Look at Monday when we spiked a little, I don't think if we get some decent buying vol that they have much resistance like STXG. They quickly move off the ASK unlike STXG.


If you go back and look at the buys/sells during that time period, everyday was at least 80/20 sells to buys. Just hard to maintain a sp with that much selling pressure imo. I mean sure they can drive it down and you may ultimately prove to be right, but I would think we would see more vol if they do, right now it's not a lot of interest either way except people dumping some for tax purposes.