This is a no brainer to average down. I’m circa 1.5 average and wouldn’t mind buying up shares a lot cheaper because people still don’t understand what a six month lockup means.
A week is an eternity in the otc, but 6 months? You would think they would like that as that is an eternity for an otc trader/flipper.
It comes down to when the seller that made absolute coin here decides to hold back from selling shares at a buck or two when they probably got 100k or 2 below 4 cents…. Nice trade to who had that on
Red 7 of 9 days. I'd say that is a pretty steep takedown for a 1.5 milly float. GLED and a few others are covering the short and stop loss clean up for the run. We went past the full fib retrace which surprised me... I thought .85 would be bottom....
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