RE: Todays action28 Apr 2021 23:09
Thevaile,
I’m a LTH, / occassional trader.
If I were a MMaker I would be aware of the following:
The reason this stock won’t fall much:
1- Low float, low Mcap and already hovering in oversold territory.
2- The market maker is full aware the float is low.
sp won’t be allowed to stick low for too long, can’t see it, other than a trap to entrap some shorters
Last time we went from 1.7p —-4p
With a low float, lowering the sp, simply attracts more investors topile in, buying a higher volume per each trade, and the MMaker is aware, that would not end well. There is a lot of interest here.
Prediction Sp will rise back above 2p tomorrow, bargain basement if it did go lower.
Remember : “80-91% of the 895m shares has privately held”
Double my holding - absolutely yes.