/biz/ - Business & Finance

>>56624328
Usually a breakout, twice its tested above and below the channel. TA is useless on this stock but its nice to see a defined pattern from quite a way out. It's essentially due to us DRSing the stock and the insiders buying drying the liquidity up. Flat law, which is now at the find out part of fuck about and find out. Ever since the split they have had fuck all liquidity as you can see from the volume, its got lower and lower on average. After mainstar rugged the DRS shares that was their last ditch effort essentially. We keep buying and DRSing and they keep shorting. The problem is that they short when we buy a share, sell us the synthetic, then we DRS it, meaning their position is open and they cant use it for the 3242345th locate. I haven't checked the FTD data in a while but I bet its pretty low because they cant even hide shares in there anymore.

Basically when liquidity dries up, some even causes fomo, possibly Teddy going live, or it could be something else, and when people pile in then it goes to the next best price. If the next best price is say $20 a share it runs up because there are no shares to interject in the bid and ask to make the price stagnant. We've seen the NBBO jump to $480k in march 2022 I think, and it got halted like 5 times on the way up and down, then they managed to inject shares during these halts which is illegal. They cant do that if there's no shares left.