Post by
ronron on May 04, 2023 1:52pm
HUGE volume
Usually I'd just chalk up huge pricr changes to volatility or illiquidity But thats half a million volume right there!
Comment by
checkup on May 04, 2023 2:24pm
The increase in price and volume is likely partly short covering.
Comment by
microcaphobby on May 04, 2023 2:34pm
Who shorts a stock selling at under a buck?
Comment by
checkup on May 04, 2023 3:39pm
Lots ... they are the most volatile.
Comment by
ramman1 on May 04, 2023 6:02pm
In this case ,it's profit taking , not short covering . Look for some type of consolidation before a move higher .
Comment by
checkup on May 04, 2023 6:51pm
I don't think profit taking makes the price go higher....but short covering certainly does.
Comment by
ramman1 on May 04, 2023 6:59pm
Short position only 11 400 shares at latest report. Stock up almost 100% (.42) injust 2 weeks. I think it's profit taking . However; whatever way it is , ''I'll take it ''.---Level 2 still indicates lots of upside potential.
Comment by
freeedom45 on May 04, 2023 7:11pm
Still extremely undervalued imo...and is simply being repriced. Also potential for sizeable contract/s to come at any time. Quick glance at level II indicates it will move up quick with minimal buying pressure. (Most shares are in the hands of long term investors that understand the potential... buy and tuck away)