Replies to post #21632 on Netcapital Inc (NCPL)

[totffe]

Well, with the spread being only one tick, I view the million shares bought at 39 on the bid as buys. And, the buys have been larger than the relatively small sells. I think the little sells are MM's trying to hold us down until they are ready, and the big buys are retail. JMO

[e-ore]

Trades at the bid are reported as sells. But new bids keep appearing, and those new bids are buyers

[Divest]

A big part the reason it seems like there are more sells than buys is the way the MMs set the ask bid. Most of the stock is held by longs, so in the absence of news most of the trading is between longs, one long will take a little profit and another long will scoop up their shares. This is why the volume is dropping off.

Many longs sit on the bid or just below it, every once in a while someone will want some of their money and sell some shares, that will result in the those bid sitters getting filled. However, it's just as likely that another long will buy a small amount shortly thereafter at the ask. Since there really isn't any large sales the price gradually drifts up on low volume. Of course if someone gets really impatient and sells a large amount of shares that usually triggers buying from longs who are looking for a bargain, as well as others who don't want to see their huge investments devalued, either way that also raises the price. I am not saying this as speculation I've purchased many shares that were recorded as sells as you can see by this exchange of posts below:







Well that was rude, but worse yet it was misinformed as shown by the next message.



Of course that day the stock closed up for the day, and that was despite the fact there were many flippers actively selling that week. So in view of the foregoing it's easy to understand why we are still going up currently when there is probably only two or three longs selling everyday, and seven to ten buying. Those are also very small numbers, so with just a few people trading this stock it also explains the low volume and the large price swings and steady drift upwards. In a couple of weeks max this slow period should heat up in expectation of the next 10K until then or news I expect more of the same.