Sarissa Resources Inc (SRSR)

[jpp09]

I'm no chart expert, but I do stare at the L2 half the day, we just need some buying. 1 million shares bought at the ASK and we'd be mid .05s. 1 million shares sold at BID would put us at low .03s. This slow drain needs some kind of momentum in the other direction. We almost took control again by getting through .049, but it was instead heavily sold into.

I think I've figured out the ACCUM/DIST chart. Accum/Dist is basically just counting how many shares were sold at ASK (Accum) and how many at BID (Dist). Long term flippers/traders have figured out they need to sell at the ASK as there is rarely large bid support here. I have been watching L2 for months now, large bids when the do appear are always sold into (assuming spread wasn't huge). Now that the volume is low, just add in a little bid whacking to bring the price down and scare others into putting up big ASKs (or worse sell at the bid). Push it back down to .02ish, collect a few million and start the process over again. I suspect there are a few out there in SRSR land that have made a ton of $ over the years doing this.

This thing trades all by itself, in no relation whatsoever to the outside world (doesn't follow market, other miners, gold, nobium, REEs, anything). In that respect it is fairly predictable.