RE:HIVE will rebound from .53 tomorrow.Yeah, very possible.
Only problem though, high volume on a red day is usually not a good thing. Hive hasn't had that kind of volume since late 2017, if I'm not mistaken.
But I've been wrong before. Hard to be positive until there's some more clarity, or a few more days of trading at least.
Like I've said before,
Hive trades in high correlation to Bitcoin & Ethereum, so it's highly possible the stock gets back into that trading pattern. Where is the sell pressure going to come from, weak hands were shook out in the 25c range, and there may be a few traders left but they see the charts & are out as quick as they're in, for the most part.
If you look at the House Positions for today,
Anonymous highlighted in red sold 5M &
the same amount was basically bought by someone on the other side of the trade. There's only a net sell of 5,239. So, it's possible this institution, maybe Gensis, or person sold 5M shares to themselves to either trip stop losses & create FUD, or someone made an exit
Unlikely Fidelity because the House positions show someone buying through their brokerage. | House Positions for C:HIVE from 20190423 to 20190423 |
| 79 CIBC | 1,407,408 | 859,248 | 0.611 | 669,408 | 403,186 | 0.602 | 738,000 | -456,062 |
| 7 TD Sec | 1,536,556 | 925,824 | 0.603 | 934,534 | 565,568 | 0.605 | 602,022 | -360,256 |
| 9 BMO Nesbitt | 669,876 | 400,367 | 0.598 | 460,468 | 276,883 | 0.601 | 209,408 | -123,484 |
| 2 RBC | 824,874 | 496,681 | 0.602 | 629,590 | 375,462 | 0.596 | 195,284 | -121,219 |
| 124 Questrade | 263,515 | 158,970 | 0.603 | 164,307 | 99,002 | 0.603 | 99,208 | -59,968 |
| 19 Desjardins | 320,111 | 191,968 | 0.60 | 249,835 | 148,087 | 0.593 | 70,276 | -43,881 |
| 22 Fidelity | 75,000 | 46,245 | 0.617 | 9,800 | 5,684 | 0.58 | 65,200 | -40,561 |
| 53 Morgan Stanley | 63,900 | 37,947 | 0.594 | 1,300 | 783 | 0.602 | 62,600 | -37,164 |
| 13 Instinet | 1,343,290 | 791,296 | 0.589 | 1,284,400 | 773,855 | 0.603 | 58,890 | -17,441 |
| 143 Pershing | 135,399 | 82,779 | 0.611 | 96,572 | 57,592 | 0.596 | 38,827 | -25,187 |
| 59 PI | 150,645 | 87,661 | 0.582 | 145,442 | 89,282 | 0.614 | 5,203 | 1,621 |
| 14 ITG | 3,200 | 2,015 | 0.63 | 0 | | 3,200 | -2,015 |
| 39 Merrill Lynch | 79,197 | 48,396 | 0.611 | 76,314 | 46,278 | 0.606 | 2,883 | -2,118 |
| 72 Credit Suisse | 400 | 246 | 0.615 | 0 | | 400 | -246 |
| 36 Latimer | 250 | 152 | 0.608 | 250 | 147 | 0.588 | 0 | -5 |
| 28 BBS | 10,960 | 6,572 | 0.60 | 14,980 | 8,897 | 0.594 | -4,020 | 2,325 |
| 1 Anonymous | 5,267,700 | 3,159,569 | 0.60 | 5,272,939 | 3,169,335 | 0.601 | -5,239 | 9,766 |
| 57 Interactive | 31,447 | 18,752 | 0.596 | 45,020 | 27,586 | 0.613 | -13,573 | 8,834 |
| 74 GMP | 10,000 | 6,000 | 0.60 | 25,500 | 16,575 | 0.65 | -15,500 | 10,575 |
| 83 Mackie | 0 | | 20,000 | 12,400 | 0.62 | -20,000 | 12,400 |
| 99 Jitney | 1,581,000 | 950,825 | 0.601 | 1,615,000 | 978,010 | 0.606 | -34,000 | 27,185 |
| 88 Credential | 159,727 | 98,020 | 0.614 | 235,400 | 136,736 | 0.581 | -75,673 | 38,716 |
| 76 Industrial Alliance | 11,400 | 6,762 | 0.593 | 105,000 | 61,090 | 0.582 | -93,600 | 54,328 |
| 80 National Bank | 260,310 | 157,296 | 0.604 | 357,330 | 209,561 | 0.586 | -97,020 | 52,265 |
| 33 Canaccord | 0 | | 140,500 | 90,595 | 0.645 | -140,500 | 90,595 |
| 70 Manulife | 0 | | 160,680 | 99,621 | 0.62 | -160,680 | 99,621 |
| 89 Raymond James | 160,953 | 97,919 | 0.608 | 360,139 | 213,501 | 0.593 | -199,186 | 115,582 |
| 85 Scotia | 752,639 | 457,887 | 0.608 | 1,239,549 | 732,599 | 0.591 | -486,910 | 274,712 |
| 62 Haywood | 0 | | 805,500 | 491,082 | 0.61 | -805,500 | 491,082 |
| TOTAL | 15,119,757 | 9,089,397 | 0.601 | 15,119,757 | 9,089,397 | 0.601 | 0 | 0 |