We're set up for another double and it should start no later than next week. It might be slow, but it should slowly start moving up. As someone else posted, the technicals have been building for a decade and will be unstoppable as the good news keeps coming.
We should be able to make ten to twenty times our money if we are patient, but for those that are impatient, a double is coming soon.
Whoever is behind csti uses a few market makers such as etrade, nite, ubss and is a transparent basher. csti was the big seller at eighty cents a year ago and may be responsible for the entire current 600,000 share short. He's already lost fifty percent and his losses are potentially unlimited. He is panicked as he still hasn't covered and needs to buy. I wouldn't be surprised if he posts here as a fake long begging us to sell to him to make his problem go away. He can't just go buy because driving the price up would be suicide for him. He needs us to panic and sell.
On the other hand, my best guess is that btig is a large hedge fund buyer and not a short because he pulls his offer if it gets hit for even 1,000 shares and he's never sold that much and is always buying.
Based on the trading, I think btig may own at least several million shares already and is definitely someone who wants the share price higher when he is done buying.
His offer serves no purpose other than to get filled on the bid. He's trying to keep it from running until he is done accumulating.
I'm not sure how many funds are accumulating right now, but there is at least one and they use btig.
Today was a holiday up in Canada and the trading in Canada was closed and they are going to want to keep it weak before the long weekend when a lot of people check their brokerage statements to see how their investments are doing. I wouldn't expect the big move until next week, but that means you should be buying this week if you have any cash to take advantage of short term dips.
No one fell for their games. The offers had dried up with the lowest offer being $1.36 and they tried to squash it one last time to squeeze out any last sellers before the next move up. Besides the stock they crossed to themselves from one account to another on the bid, there were no real sellers and that's why the bid didn't go down.
AI
