Dec. 7 at 2:57 AM
$PFSA What we saw this week was a textbook example of market makers holding the price down so it doesn’t run away before the catalyst. The volume was large, the selling was minimal, and every dip was absorbed, which tells you the stock is being accumulated, not dumped. Those little walk-downs from .20 to .18 were just liquidity games and psychological tests, not real weakness.
I’m expecting one of two things next week:
(1)a sharp move higher if MMs loosen the leash, or
(2) a slower, controlled grind upward as they keep it contained ahead of next weekend’s catalyst like we saw last week.
Either way, this wasn’t bearish action. It was market makers controlling the price so it wouldn’t run too far before the catalyst.
