Enzolytics Inc (ENZC)

[foxi]

If they had a lot of shares to unload fast, maybe they were dumping all the way up and all the way down. Big flood of incoming money keeps price up; the hype subsides; then the continuing strong sell pressure takes the floor out.

I'm counting approx 350 million shares traded since 4/28. If approx 100 million shares became Unrestricted in April, maybe those are among the shares being sold. Perhaps ENZC is selling some of that 60 million it recently added to O/S as well.

I'd expect to see this bounce soon as flippers rebuy in anticipation of a correction upwards. The sell pressure has been unusually strong this time (from what I see on charts) and RSI is lingering near oversold on the hourly. The late filing & not having clarity yet on the SAGA deal is helping the bears. For now, popcorn.