Saturday, April 01, 2023 1:31:54 PM
Most of the MM cover trades are T- trades, and have been done below the BID which is normal. The past week the 15M were at .000485.
These are double counts, the 15m sold at 5 are shorted by the MM and then covered with converted shares at end of day or after hours.
3/30 Thurs 13.5M were shorted to BID by MM and covered at end of day, Purple Trade 13.5M
3/28 Tues: 15M were shorted to BID on open, and 15M covered end day .00485, Purple Trade.
Forget fundamentals right now, this is all about Conversions and excess supply driving price lower. When it stops, the price will explode to the upside even without news.
Brad at Mammoth must be in trouble as they decided to dump shares at any cost to raise some cash. His loss is our gain for smart BUYERS.
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