well the ask was 700M...it GREW to about 770M mid day which is typical for the algo....mid day less human action, so stack the ask to discourage any "stealth buys" from retailers or a mid day PR out of nowhere (not saying UBQU would have that, but the algos are programmed in general for all stocks)
then wham....873M buys.
my GUESS is retailers, non computers who sold today totaled....150M shares, maximum.
interesting, I missed it all. put my 3M in AFTER the 1/2 but by then back at nobid with 31M on the ask. then I got filled and then it bloated to 550M after powell talk.
some of it was retailers I'm sure upset thinking this was their last chance out and missed it. others are professionals who probably think like I do we might get similar volume all week, or we might have to wait until the NEXT time wall street loses control.
My guess is today, 80,000 dollars of "shenanigans" was covered because of the game stock surprise run up and now serious threat to short sellers, and GPL captured most of it with dilution.
I bet a lot of retailers got caught flat footed to be honest. but this WILL cause some interest on UBQU in the coming days. not sure the biggest retail whales WANT out at trip 1. I would have sold more than 3M...but still by no means anywhere near all.
this will motivate GPL to try to get retailer fomo, or more buying so we'll stand by for PRs out of nowhere, even though Priya is gone. This will motivate wall street to either try to pump this stock for temporary collateral but most likely keep it down here, hopefully there are more shenanigan swaps on other stocks hidden here.
it will motivate big MMs like CDEL to sit on the 000001 bid and capture every last "little" 100M-500M holding the banks and hedgies which are dropping like flies now....credit suisse, UBS, deutsch bank, SVB, silvergate, oh the list is in the hundreds now.....so many little tiny hedge funds who easily could have dropped 10,000 dollars on UBQU in speculation in 2021 which now are closing their doors and would sell 100M to 000001 to take a 9,900 dollar bath. for us, that is huge, for them, oh when even a small hedge fund gives up, they are losing multiple millions.
as a retailer, I'm still quite optimistic, as Credit suisse loses 70% of its value, I'm happy to know UBQU really can't drop any more. sure 000001 is a kenny only zone, but even kenny wants this stock to run up once HE loads up at a dollar a million.
at 000001, kenny could buy 50B for 50,000 dollars. (!). that's why I'm pretty sure MMs and those that CAN trade UBQU to 000001 own 80% of the O/S. and why for a short time in 2019 even retailers were allowed to disgust-sell to 000001.
even if UBQU continues to stay a giant POS with ballas being its garbage CEO and no fundamental improvement? if kenny owned 30B shares of it at 30,000 dollars.... I think he'd use his talents at market manip er MOVEMENT to make UBQU run.
