swimom, actually iMO here is my take on what happened today: Somebody accumulated at .0026-0027 levels last couple of weeks about up to 30-40 million shares minimum, flipped them at around .0047-.0048, immediately went short at .0048 about 7-8 million shares on the way down covering at .0029-.003(short position hasn't been posted yet but that is the approximate number of short position we are looking at if not a bit higher). Not bad, not bad at all, to double on the way up and then to almost double on the way down. At the end somebody made about $150-$200Ks today playing it like a carousel.No there were no dilution taking place but traditionally after this blips dilution resumes.
Again IMO that is what those two mutually exclusive Form Ts filed AH are telling us plus trade action and the ratio of buys vs. sales and overasking on "ask" on the way up with hardly any asks coming in and underbidding the "bid" on the way down, and respective blocks in those key transactions. Close analysis and appropriate software would tell you the story.
More and more Petron looks nothing but a momo play. MMs, Asher, Boiler rooms types etc are the one ones making money on this. We had some good "promotion" of Petron going on on threads(wink wink) and it all culminated today. Those entities don't do such bold actions unless their pretty confident that they can pull it off no matter what, therefore, they know that Petron, at this point, has nothing of a value to propose. Unfortunately to many here. IMO
AI
