MMs shenanigans14 Dec 2022 14:54
Buy some stock and the sp goes... down? That's right. Today's price action is not caused by selling volume. 4.16 was my BUY.
It's NT to sell... all by design. MMs trying to create liquidity in an illiquid stock.
Golden cross incoming, indicators showing good value, due a tidy rerate in the foreseeable future.
MMs will open up the bid at some point and the more distressed PIs who capitulate, the more energy will be taken out of the coming rise when the buying pressure is back on.
Simple fix: Hold on to your stock and buy a few at this month's best price. Let MMs deal with illiquidity by RAISING the bid, not the other way round.