EEDG - Good Morning Everyone.
I will explain what I am seeing as far as the trading goes. The MMs as I stated a couple of days ago will try to shake this down in order to get people to sell so that they can cover their short position. They are short mostly because there are very few shares left out there. They know this and they are not trying to screw us, they are merely trying to cover. Then they will let this run.
The first 2 trades were Short covering. Above the ASK.
.13 for 500
.13 for 1,900
.125 for 12,000 - someone sold here and the MMs used it to drop the BID and they also used it to cover. But keep in mind when you sell on the BID they will take advantage of that at this point and knock it down further in order to create panic selling. Keep that in mind when you are selling at the BID you can cause a severe reaction.
The next two trades are actual buys.
.115 for 1,000
.115 for 25,000
The next trade was short covering (obviously hoping for more)
.111 for 1,500
The next 2 trades was someone dumping shares at the BID.
.1101 for 5,000
.1101 for 28,300
The GAP is closed, the stock is ready to run. The signals are set for it.
I think we will see news tomorrow or the next day on the completion of the merger and the revenues along with it.
That is when I think we will see new highs.
GLTA
All statements made are my opinion only.
You should always do your own Due Diligence.
