Isobar the 7's were thin & not inline with the demand (earlier ask & eventual
bid) so if someone wanted volume that's where they had to go! I almost
did likewise today thinking that my $0.0007 order would not get filled at all! (& I had $0.0006's I dropped in order to get them)
Instead of chasing higher tomorrow or at some other point, the investor
took the sure price & volume he/she wanted. When you are trying to
acquire a large position sometimes you are forced to hit the ask to
ensure your order is executed.
I still have open orders for $0.0007's & I am NOT confident I will get
them. If the MM is supporting a run here (& only time will tell if that
is in fact the case-- although I am inclined to believe that they are)
then I too will have to move my order higher if I want to procure the
volume that I am comfortable controlling. I hope that I am not chasing
the stock but I am afraid that the window for getting volume down
here is rapidly diminishing. The longer investors wait, while a reversal
& uptrend takes hold, the more likely you'll have to buy at higher
prices to build your account. And so too will I as this stock builds
momentum towards higher, & a more appropriate valuation imhv.
I hope I am not being too simplistic in my attempt to answer your inquiry.
Bottom line is that the stock is trading in a manner consistent
with accumulation & an upward correction. Those that want volume have
to go where they can get it. 5Million shares represented ~20% of the
total shares traded today & to secure them the investor decided to
leap-frog bid-sitters in order to snatch them. If this stock goes to a
more respectable & appropriate market cap then the extra pip paid today
will have been worth the risk of missing out on the larger piece of the pie tomorrow.
Hope this helps, fwiw!
Market Data 
Markets 
AI
