RE:Volume 5.5M yesterday buying into asksalbertkaholeung wrote:
then today back to 10k with no strength on the bid at all.
My guess is yesterday was MVY attempt at lifting the sp in order to setup a pp at a better price point as they're running out of capital. However, there were too many sellers who were willing to get out at a lower price, hence it wasn't successful.
Your guess?
So after posting this, towards the end of the day what I assume to be one identity put up some bids: 200K at .09, 200K at 0.095, 200K at .10, and 100K at .105, within 9 seconds of each other. Just informing whoever is reading this. You guys can draw your own conclusions :).