CLDR on a friday. During friday's trading session Bid sitters overtook the ask slappers and the PPS went down to meet the share price. This is good in itself since shares were absorbed. ACC/DIS at an all time high with the MFI continuing going northward.
Some here will say dilution could show an ACC/DIS and MFI increase. In a sense this is true if those shares are absorbed when diluted. But other indicators are showing the ACC/DIS and the MFI is on track and shares are being bought even if bought on the bid. We all know that when a stock has no upward pressure the MM's will walk down a stock to fill orders for that transaction fee. This is the law of economics.
Big Apple put over 450M shares into the float a couple of weeks ago and CLDR is still feeling the effects of that. The ACC/DIS fell sharply along with the MFI, RSI, SLO Stoch, and MACD among others. The Bollinger bands were all over the map. Now the stock is settling, shares are being bought, and the chart indicators are showing buying pressure.
Friday is a friday. We all know that is when novice daytraders pull out and are willing to accept a loss.
CLDR is shaping up to pull off a major PPS spike. Shares are drying up in the .0002-.0004 range.
