I remember the Bid-Ask-ratio you mentioned, but that was after the first wave of the sell-off, so we didn’t nearly trade a billion shares after that, but we obviously traded over a billion 2s altogether, and those shares can’t be found on the Ask, so I completely agree with your observation that this is bullish. It looks like the shares were locked away. That’s interesting, especially because the sell-off amounted to nearly 10% of the company. The new owners are obviously hoping to make real money, in a large run.
If you think about it, the paint job, 2 days ago, might not have been completely useless. Someone threw shares for $1.5 away, to invest in the illusion of a spectacular resurgence. Looks like it worked. LOL.
Today will be interesting. I was impressed with the stability of the stock, once we‘d reached 3, but the volume at 3 wasn’t satisfactory yet. If the bid at 2 continues to build, we might get a bullish confirmation, so we could possibly be on our way to see some 4s.
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