Yup, buy all that you can at the lowest PPS. This is a "shelf play"... no doubt.
The point that I am making is that the PPS is controlled by the MMs. The run up last week to $7 was done without ANY shares trading for the period. It was stuck at 63XX shares for the time being... then some shares were purchased after the radars went off and someone bought them high.... then came the drop.
The MMs are playing games.... that is the story here.
The low OS can in fact drive the PPS hard when real volume and buyer interest come together.... but what we are seeing here is 100% MM BS.
Look at the total shares traded today.... 2,131 x 5 = just over $10,000 worth of buying interest. That is not a PPS propelling volume level.
Just my thoughts on this weeks action.
John Gyver
Market Data 
Markets 
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