I hope that everyone can see the HUGE IMMOVABLE SELL SIDE ... that's called a CAP! ... they are not for sale, they are there to stop the price rising. 97 trades for the day ... the last half hour ... value of each trade in the hundreds of dollars (with one or two exceptions). Piddling amounts ... and certainly NO ACCUMMULATION ...
That 20 million shares on the SELL side is there for a purpose ... to stop any further rise in the price.
Now who do you suppose would want to CAP and hold the price at +- 10c ... well ... maybe someone who is going to make an offer for all your shares at a premium to the weighted mean average price (VMAP) over a specified number of days ... and the lower the VMAP ... the better the deal for the one making the takeover offer ... go figure!!
The Great White Hope may in fact be a 'force of darkness' when it comes to you and I making money !
CTP Price at posting:
52.5¢ Sentiment: Hold Disclosure: Held
