Posted On: 06/11/2015 11:07:31 AM
Post# of 96900
Looks like the CDEL is the AXE and starting to show bid support.
The Axes are usually the ones responsible for S-8 share selling, they will be consistent on the ask until the S-8 is completed. Once that particular MM starts supporting bid, it means that the S-8 is getting close to completion. In the case of viable companies, this is usually followed by a SHARP RISE in the PPS, known as an s-8 bounce
The Axes are usually the ones responsible for S-8 share selling, they will be consistent on the ask until the S-8 is completed. Once that particular MM starts supporting bid, it means that the S-8 is getting close to completion. In the case of viable companies, this is usually followed by a SHARP RISE in the PPS, known as an s-8 bounce
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