Watching L2 at the close yesterday there was a clear take down and NITE was on the bid for about 1.5M as the catch net. Either they took out a stop loss or MM's traded shares at .02. Any big stop losses set lower the price will be taken down to take them out today to cover. I am starting to think that Fox’s theory of a large short positions has some validation in how that happened yesterday.
Just my opinion, but have been watching this closely for about 1.5 years now and the MM are clearly still in control. PCFG needs to show some stellar results for the market to take this stock over.
LET’S GO PCFG!!!!!!!!!!
DF
This is my opinions only and should not be considered when buying or selling a holding. GLTU
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