Post by
trader53 on Dec 03, 2021 3:43pm
Our seller has attracted company
Once we lost the ipo price I was afraid it would only attract more selling and that is exactly what is happening. Now the seller is jockeying for positioning. The seller has 16 levels of offers in the market at every 1/2 cent which sends a clear message that they still have a large amount of stock to sell. I tried to warn Roof but it fell on deaf ears. This sellers willingness to sell below .30 really brings into question their cost base. Watch the .25 level very carefully and if this seller shows a willingness to sell below .25 my guess would be we are dealing with .15 paper. Until you see a very large volume day preferably a cross I expect the stock will simply grind lower in December.