RE: UpdateI would say that the only seller is Anonymous. Sure, there have been a 10 thousand Jitney or a 10 thousand bmo here and there, but 95 percent of the volume is Joe from Mineralfields.
Right now, he has a refreshing ask on at .18 in 20 thousand share increments.
He was the one who broke support with a 200 thousand share sell in the first half hour, and he is the one making sure that it doesn't recover by day's end with a refreshing ask.
I have e mailed Paradox and told them that they are better off to get Joe's shares quickly rather than slowly and if they have an investor ready to go, then he should buy now, because Joe never has a refreshing ask on two days in a row.
I have seen him have a refreshing ask about 5 times at various stocks and he never uses this technique to liquidate two days in a row.
He will take tomorrow off and then come back later. Historically, he also does not sell the same stock two days in a row, but rotates to other stocks. If he follows his pattern, he will let CRE breathe tomorrow.
So far I have not heard from Paradox.
My prediction then and let's see if I am right. The refreshing ask continues for the rest of the day and we close at 18 or 175, and then tomorrow we bounce to .20.
That is if Joe takes tomorrow off as he has historically. The opening tomorrow then might be weak as people who get home from work become afraid for their money, but that one I won't guess.