so before powell spokle, I think the meme algos were on BUY,.
we saw 1B+ volume and a bit of 1/2.
then powell hammered in the .25%, and acted like bank bailout? why what a surprise that was! yeah sh'yeah right.
and then the algos on the russell 2000 and all but game stock (because they haven't controlled it yet and its now a fundamental powerhouse) got turned to SELL. there was a bull trap on the S&P and then kenny started leading the indices down and up and down.
and we're back at nobid, a 1500 sell to 000001 and a PPS lock for the day even though we had buying after that, and 533M on the trip 1 ask again.
what could this perhaps mean?
1. so far my theory on UBQU being hooked to the big algos holds. some retailers bought today, but nowhere near 800M. either the algos let off some short steam, or they really were prepared to buy if powell said 0% or even quantitative easing.
2. if this was GPL shenanigans, we might see some PR out of the blue tomorrow on newswire. ...from ballas. it won't mean anything, just a test to see if some retailers fomo into that 533M new ask. I doubt it.
3. if this was market makers covering some pain from the banks collapsing, wait a week to a few months. this fun shall repeat itself. regardless, I believe no retailers freaked out today and slammed another 50,000 dollars worth on the ask with this run up. It;'s the algos. heck, 'kenny' picked up 144M for 000001......Mms love this kind of nobid spread. kenny if he puts it on the ask and sells it at trip 1,turns 144 dollars into 14,400. even in pos land, that's nice money for kenny. that's why they love it here at nobid. of course some other mm or hedge fund had to dump it, but hey, after retailers, wall street looks to steal from each other second most.
4. possible some of that original 700M ask was GPL ....so if next fin we see around 700M-1B+ converted you'll know who it was. I'm guessing some was there.
well if GPL got some money regardless of whether it won't affect UBQU'S fundamentals one bit. it means GPL will be looking for another "surprise" algo buy in. this is a great indication to me, that sure, there was probably 100M fomo from retailers today...maybe....maybe....but once we exit this horrendous market crash and actually go bullish, or we get another game stock event like...movie stock going cash flow positive off of a branded credit card, popcorn sales and surprise box office and the soon stock conversion there...we could repeat this interesting little day.
I did sell about 3M today for about 300 dollars. and after they hard locked our nobid I bought 3 dollars of trip 1s. even ending with the PPS at 000001....this was a good day for UBQU.
and it didn't have one thing to do with ballas fundamentals PRs or the MJ sector.
