Okay so let me see if i got this right, so this naked short covering is exactly opposite to when MM's are accumulating because of the signs of MM's buying at bid and retail buying at ask. If they were accumulating then the ask would be capped rather than the BID. did i get that right?
Okay so for BLLN whats next after the 3 legs up and the 9 month walkdown? Now that the pps has reached shorted price or below and is finally being covered, what does that generally lead to? Does this make way for the process to start all over and for history to repeat itself or is the game over and the naked short covering is the last step before moving on to next play/target?? Thanks for your insight and answering our questions.
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