Life on the Pink Sheets Todays drop was orchest
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Posted On: 06/03/2021 7:54:21 PM
Life on the Pink Sheets
Todays drop was orchestrated like the New York Philharmonic.
Large moves up and down without the trades to justify them.
75% of the day's trading was Short, 89 million Short out of the 118 million Total Volume.
IMO, either the MMs had a Short position they wanted to Cover at a profit or they had a Buyer who wanted a large Buy at a price below Market. The MMs will accommodate good customers by moving the SP to meet their Buyers price point.
IMO, Nothing has changed with BIEL's Fundamentals. BIEL is still making progress with their OEM Partners toward profitability.
Todays drop was orchestrated like the New York Philharmonic.
Large moves up and down without the trades to justify them.
75% of the day's trading was Short, 89 million Short out of the 118 million Total Volume.
IMO, either the MMs had a Short position they wanted to Cover at a profit or they had a Buyer who wanted a large Buy at a price below Market. The MMs will accommodate good customers by moving the SP to meet their Buyers price point.
IMO, Nothing has changed with BIEL's Fundamentals. BIEL is still making progress with their OEM Partners toward profitability.
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