I would love to know who is consistently buying 100 shares a day to ensure the stock closes at the high of the day. I would also like to know why they are doing it.
I like the fact that someone is willing to buy, in size at .26. We have had 40K+ trade at that level over the past few days. That is a good sign considering the total lack of updates from the company even 8 days beyond the stated termination of the irrevocable merger right.
At .26 the stock is still 500% higher than before this run started a month ago. That someone is still willing to buy at these levels must be positive.
I think someone staked out a sell at .51 as they could offer 2500 shares as opposed to offering 5000 at .50
Before you ask, I don't know why. Just obvious that less capital is committed for 2500 at .51 than 5000 at .50 given the order size required for a marketable order...
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