NMCX, about trading today..
What does it mean?? Well I humbly offered that MM's do this for 2 reasons.
1) To set up a short position...or,
2) To accumulate shares in preparation for a run.
What have we seen today?
Heavier than normal volume, and certainly easy to assume the vast majority of volume are buys.
In my humble opinion, if MM's were trying to set up a short position, they would have let this run like before AND to a far higher level than seen today. If they let this run to .02, .03 or higher then I would be watching for the short position to be established.
Yes, there is always the risk they could short this at any time and strongarm it back even lower from where it is now, but how in light of the value of the contracts and mines, would they want to do this? The risk of further reporting and contracts could blow their short position quickly.
They have basically froze trading now (no or trickle volume for quite a while now) inclining me to think they want to accumulate or strongarm this to quietly cover their short positions before a run up in the near future.
They could have easily made this the stock of the week by simply moving the price in relation to today's demand, with the market seeing the valuation numbers and a strong rising stock price. Volume would have exploded all day.
We'll see what happens, but a run might start at anytime this week to reflect last night's news.
Bo