OK, this is a trigger point. Referring to my post this morning, I've re-posted the picture below for ease of reference:
Now look at what has just happened, thanks to the observant @cotopaxi for highlighting:
THERE ARE NOW 90% LESS SHARES FOR SALE THAN THERE WERE THIS MORNING!!!
This is the trigger, the accumulator has had their fill and will now let ATC boom. They have pulled 6,416,281 shares from the sellers market. There is now only $200K on the sell side compared to $1.5M on the buy side.
These signs all point to a rapid escalation in price, due to normal supply / demand cycles. But the more interesting occurrence is the timing at which these sell orders were taken down. Right at the time when financing is to be announced, where due to volume the bots cannot manipulate prices as easily or cheaply.
If there are no sellers, buyers are forced to ask for higher prices.
This escalation is important, I highlight this to show evidence of the importance. It is important, someone had decided that over $1.4M of shares are better left in their portfolio than at risk of being snapped up, meaning that the accumulator has had their fill of shares and now the share price can boom unopposed. Good luck to all!!
Wanderdog
ATC Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
