one must note that this is a pinkie. the rule is different on this playing field.
more demand vs less supply does not equal to pps going UP
pps direction is 100% dependant on the mm and the chart.
It is different with amex, nyse, and nas market.
here, there is a seller determined to sell through etmm. when mm sees a seller on the order list, he tries to get the seller to sell lower. that is the reason etmm moved from 0125 in the am, to 0115, then 011, then 0105 , now 01.
etmm seller today sold more than 300k shares. compared to yesterday 400k. this seller is determined to sell. it is not a walkdown. stock mm is not picking up these shares. these shares from etmm are being matched to buyers.-kop got filled and another 130k shares were filled.
mm is not bothered with this stock and does not seem to have any interest, maybe due to no shares available to play with.
i expected to see a 0.011 close today, to get an uptrend today. but it did not happen, with mm forcing the etmm seller to sell under 011 at 0.0105.
i believe a bounce will happen soon, maybe at 0085-009. it will be a bounce for now.
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