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Posted On: 06/04/2020 11:22:01 AM
Post# of 9124
The bid/ask spread all morning thus far has been $0.10 / $0.13. That is 30%!
MMs trying to kill all momentum to the upside. They don't mind selling volume as it helps cover their short position:
Last 5 days of short volume:
Date Short Volume Total Volume Percent
2020-06-03 386,757 547,563 70.63%
2020-06-02 274,650 394,919 69.55%
2020-06-01 65,000 112,645 57.7%
2020-05-29 230,527 275,289 83.74%
2020-05-28 150,554 170,742 88.18%
Any significant buying volume will set off a squeeze and put SP back to $0.20 easy.
MMs trying to kill all momentum to the upside. They don't mind selling volume as it helps cover their short position:
Last 5 days of short volume:
Date Short Volume Total Volume Percent
2020-06-03 386,757 547,563 70.63%
2020-06-02 274,650 394,919 69.55%
2020-06-01 65,000 112,645 57.7%
2020-05-29 230,527 275,289 83.74%
2020-05-28 150,554 170,742 88.18%
Any significant buying volume will set off a squeeze and put SP back to $0.20 easy.
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