Jan. 12 at 7:02 PM
$ENCC
So who is buying down here? Most of the volume today is on the buy side. Want my theory? That brisk update from Belisarian may have been a tactic to pull the price down so they or people close to them can load back up. I suspect that this activity will continue until they find a merger.
I believe they walked the share price up into the discharge. I also believe someone had shares, maybe contingent on the discharge and started to sell them directly after. Granted, retail is in there too buying and selling but my opinion is, this ticker is highly manipulated- what penny stock isn’t but this one in particular followed a script. They will make more money flipping shares while no one is looking than they will from selling the ticker. I could be completely wrong, but I am not. 13Ds do not apply if you know how to work it. Just saying…..