Its clear to me that there are only a handful of investors responsible for all the buying recently. My judgement is based on what I've observed from the BID stack. The first 2 or 3 on top are within a few pennies of the top ASK then drops off to 0.015 (one and a half cents).
I'm convinced its the investors vs crooked MMs. I believe that if it were investor vs investor (aka unmanipulated market with honest MMs making the market), the share price would have been closer to $0.50 before all the recent developments and would likely be much higher now.
The handful of investors currently buying all these shares are the early birds closest to the information (likely people who attended the recent conference and saw the N-Assay presentation). I expect word to spread and likely amongst these investors' colleagues at first. I also expect that the crooked MMs and their allies will continue their efforts. It will be a battle between the inflow of new investors and these crooks -- one that I believe NNLX will ultimately win.
The question is why these crooks are trying so desperately to win a losing battle. My feeling is that they have a lot to lose and am hopefully optimistic about it.
Finally, trying to trade on any technical analysis in this manipulated stock is a worthless effort imho.
I'm convinced its the investors vs crooked MMs. I believe that if it were investor vs investor (aka unmanipulated market with honest MMs making the market), the share price would have been closer to $0.50 before all the recent developments and would likely be much higher now.
The handful of investors currently buying all these shares are the early birds closest to the information (likely people who attended the recent conference and saw the N-Assay presentation). I expect word to spread and likely amongst these investors' colleagues at first. I also expect that the crooked MMs and their allies will continue their efforts. It will be a battle between the inflow of new investors and these crooks -- one that I believe NNLX will ultimately win.
The question is why these crooks are trying so desperately to win a losing battle. My feeling is that they have a lot to lose and am hopefully optimistic about it.
Finally, trying to trade on any technical analysis in this manipulated stock is a worthless effort imho.
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