I agree with most of this TK, but I think there was a lot more going on behind the scenes, then people selling after the conference because they didn't like the timelines.
1. The selling was timed for the second the conference was over, but if it was truly about the timelines, it should have began earlier. It seemed very well timed/coordinated to me. I agree that people sold, but I believe many of them got tricked into selling when they saw the string of timed market sells executed one after another.
2. Retail traders do not have the capability of throwing up fake walls, then removing immediately before getting slapped (we have no idea when somebody will slap them, until they get slapped). We can put up walls, but if they get hit, they get hit and we lose the shares. The walls that have been put up over the past month are being removed and/or moved up, just as somebody tries to hit them.
3. Goes without saying that there has been massive S&D activity targeting ENZC. Obviously there is an agenda behind this.
4. The pre-market attacks/games that we witnessed over and over and over again, where we were dropped pre-market under prior close, before any shares changed hands. Also, please note that I tested this by placing a GTC order just below the closing pps, but higher than where they opened us the following morning, and my bid got skipped and they opened us down further. Things like this only happen by design, not by mistake.
5. Dropping the pps daily without .0001 ticks. In other words, wait for low volume & low bid support, then drop the pps down 30% with barely a couple million shares. Then on the flip side, force it to trade every .0001 in between, which is an absolute joke. Then, whenever it gets some traction, throw unbreakable/never ending walls, then drop it back down and force it to trade the same .0001 ticks again. The next day, when volume subsides, take back all of the gains with less than 1/10 of the shares traded.
IMO, there has been an ongoing relentless effort to keep this pps as low as possible, where somebody and/or some bodies accumulate what they can.
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