100% true never sell on the bid, i have done this too in the past and get burned. The mm's will only fill you 5k partials and then drop the bids a lot lower then you chase it down trying to sell and get out.
And that is = loss
EBLC moves fast with small buys. If it holds between 4's and 5's then its poised to go up. I see Eblc move to 2 - 3 penny in the second run. imo