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Re: NorthPeak22 post# 4462

Monday, 12/11/2023 6:23:38 PM

Monday, December 11, 2023 6:23:38 PM

Post# of 14048
Getting back to your question.😆 Over the weekend I concluded that roughly 243,720,564 of the 698,000,000 were eligible during this period of heavy volume since October 24th. I see volume of roughly two billion shares traded between the press release and the 1st of December. there were 1.6 billion shares traded in November alone. Now consider that I also estimate that by next week the balance of roughly 454,279,436 of that group will become eligible on a rolling basis over the next three months. Just for the sake of conversation, we are talking about this specific group of shares that are eligible. I have to wonder if the other conversions in the pipeline will pressure the schedule for this group.

Take a look at the one month chart with a frequency of thirty minuets. See that cycle of sell off and recovery on heavy volume? With all than is now known and is becoming more widely understood, do you think this can even get a small portion of that activity going forward?

Can you show me where all the share conversions have been occurring in the recent run up in price? Should be pretty obvious on the chart where all this is occurring.



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Bearish

Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..

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