Great Posts, Slaz, Dr.Big, cjctrader! Also,
Great Posts you fine folks, the past 24 hours! Yes!
Also, yesterday's Trading and Share Price action (such as there was of it), was disappointing. So I looked further into things.
Upon reviewing yesterday's L2 Trading transactions, it appears that "we" are still being largely help captive by the Traders. The Traders.
Yes, the Trading faction among us (actually, few of them are "among us" because they mostly do not Post, but there are several hundred-to-a-thousand Traders, not to mention the Shareholders, and "Watchers / Observers" on the sidelines) are yo-yo-ing this Stock up, down, up, down...within a latitude of two, three, or four Ticks.
Yesterday's Trading pattern was overwhelmingly UP in the first 90-120 minutes or so, and was characterized by a preponderance of BUYS.
After reaching 8 / 9, the Traders began their daily pattern and habit of swing-trading for gains of one or two Ticks...and this activity continued throughout the day, with only small, brief pauses for ENTI's Stock to recoup a Tick or Two...and then this pattern would resume BANG-BANG-BANG time and time again. Sigh.
It is VERY frustrating and annoying, sure it is...but it is a free, unfettered marketplace that is, alas (and as if that weren't ENOUGH), corrupted and tilted "against us" by actions on the MM's side of things here in PinkyLand in general.
Hey! Yesterday I had EVERY REASON to almost EXPECT (a dangerous thing to do in PinkyLand) that ENTI would attain a Share Price of 0.001 OR HIGHER. I am sooo disappointed...but, in my opinion and insight ONLY...I conclude that Trading actions and ploys are at the root of our "problem" AT THIS TIME.
For example, there were a good number of Trade transactions in the amount of 2 Million, 3 Million, 5 Million...but NONE were of the sheer bulk as the enormous and intimidating blocks of 20 Million, 25 Million, even a couple of 50 Million Shares, as we've noted in weeks past.
Therefore, I do NOT believe there was so-called "dilution" going on yesterday.
What there was, was considerable and sometimes frantic SWING TRADING taking place, such that from the 340 Million Shares of Volume yesterday, I'd wager that appx. 150-200 Million of those Shares were Traded MULTIPLE TIMES back-and-forth, back-and-forth.
That is to say theoretically, if a tracking device were affixed to a given single Share, we would see (to our amazement!) that Share bob-around and CHANGE HANDS several times ON THE SAME DAY...Buy / Sell...Buy / Sell. See? This is what I believe occurred yesterday and accounted for appx. one-third to one-half of the Volume.
There's little we "Longs" can do about this, but continue to HOLD and accumulate at will. Eventually ENTI WILL BREAK-OUT of this momentary avariciously-driven muddle. Nearly every day sees changes, improvements, enhancements...even if they are derided as too-small or insignificant or meaningless by the naysayers. Progress is still PROGRESS.
As I've said before, people, good friends...Patience, lest we become PATIENTS!
Let's all go for the GREEN today!!$$
All the Best to Everybody, ENTI / Yellow Pages / MMx!$ :-)