The scary part of your scenario is that it demonstrates that there is very little demand at all let alone retail involvement. Just a market maker creating some liquidity.
I’m telling you though, if only you guys would buy into the ask when it goes green as that pushes prices up. Folks with buy orders in the queue are one of the reasons the SP remains low as there’s always plenty of volume for the sellers to dump into.
Remember all those suckers who had orders being hit at .095-10 cents thinking they were getting the bottom? They sure did the Insto’s a massive favor!
Cheers.
IMU Price at posting:
3.9¢ Sentiment: None Disclosure: Held
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