great post Fluidman
I still would bet a million shares of UBQU that that 500M sale was not what we consider a "retailer whale". a type who would pump on twitter nor frequent this board, or ihub in general for that matter...
every day big wall street fund types are writhing. even today. I am 99% confident that sale today was either
- UBQU insiders trying to just get this 20B dilution DONE so we can move to the next optimistic phase
- a fund that maybe had all 500M here, sold because of algorithms that triggered it with the S&P move, or they wanted out to chase another play
- or a fund that holds much more than 500M shares and does market-making services for UBQU doing what I call "the citadel shuffle"
the bid being as big if not bigger as the original 4 bid a week ago when we slipped. (also, as the case for squeeze gets STRONGER (and again, I will caution folks reading that when in doubt ZOOM OUT....try to avoid thinking day to day, and you'll see in the case fo the meme stonks even on red days it gets worse and worse for those shorting them)...as the case for the squeeze gets stronger, we see more "selling" of huge blocks on UBQU.
I do not hold any of this selling is an indicator of capitulation on UBQU and that there is a fear of it going defunct and having no value.
I would have been worried if that bid was .....100 million....even 300 million and WHAM WHAM WHAM the selling continued and we drove to 2 before close...or 1.
but that was not the case.
I think I'm going to make a call from now on for trip 5 every day trip 6
and on the day it happens...I'll come on and say "told ya so"
then again my thought is one day you'll wake up and this thing will gap up so much I'll have MINUTES to post "told ya so"