All that happened was the large bid at .0030 dropped out, disappeared, and got replaced with a small bid of .0034 after the trade at the ask of .0035. All just at EOD. There is no real trading action with only 9 trades all day, so the whole thing is just a farce and easily manipulated. Many times the L2 is just a folly to go on, one will have 5,000 at the ask and may have just an endless supply for any buyers trying to take it out. Or the bid just dropped like hot potato in a second no matter what amount is there.
At this point with liquidity minimal, ones who got in at higher pps for a trade are waiting for some volume and hopeful action, not just low level manipulation of bid and ask. May or may not happen.
"Longs" that haven't taken the opportunity to get out already are laying in there and continuing to hope or dream of bigger things to come. But either way trading or investing, there will have to be a lot more new money to buy at the ask. An occurrence that seems to be getting less and less odds.
Now we're not only waiting on more updates with the late filings on the late notice of annual financials, but look forward to when they will put another update and how late the late notice of quarterlies will be in which those financials will soon be late, no matter how late the late annuals are.
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