I agree with you mojo. IMO as you have stated we all know Kim needs money and that leads to shares available at the bid. If you look at the last spike we had much more volume and much less price movement.
That was obvious a supply that outsized demand but there was enough demand to keep the PPS stable with the dilution. In this news release there is no shares available so the PPS reacted as such.
The traders that are here are the ones making the supply but they will not be able to keep up the supply if the demand continues.
If CSC is done selling for the month the PPS should rise up.
If we got some larger flippers here the PPS could be brought very high, but the retrace would be painful.
If they did do it and got the PPS up to .40 or so I dont think we would be seeing the .10 area again on the retrace. Maybe a .15 low and rebound. By the time it did retrace to .10 it would be because of a failure. If flippers showed up and raised the PPS for a 5 bag flip, by the time they were done Kim will have a sale and their action will only make the PPS start at a higher PPS when the sales show up.
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