IMO
Low volume with tight spreads shows accumulation. Last year MMs would use this as an opportunity to walk PPs down and steal weak hands shares for the next run.
We'll see if now that gtel is off SHO list, the MMs have lost the ability to control price movement, like they use to. I feel Gtel was on the list so long the SEC may have a red flag watching Gtel and MMs know it. Hope - Hope!
IMO if we see a few more days like the last 4 days, gtel may have formed a legitimate new base for the next move. Buying opp.
Never happened last year, would be great for TA to work for gtel or any penny, so one could actually pick an enter/exit point. We'll see, maybe Reg. SHO is actually helping?
I've only noticed one Market Makers gone after we got off the SHO list; GVRC, they use to be 3rd on total volume traded and probably lost the right to trade because they were to naked and decided not to cover. (Guess) But they were trading Gtel for years and I don't think they stopped trading because they weren't making money with Gtel.
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