Yes pttrigger, someone dumped 50,000 shares and the stock took a nose dive down three whole cents from $1.59 to $1.56 but then someone gobbled up those shares like there was no tomorrow and added another 2,500 shares at $1.59
Oh Boy! Darn buyers just won’t let the dumpers take this one down. Why is that ?????
What does it mean when the buyers show up? Today we had a few small blocks purchases (about 5000 share each) at or slightly above ask… Then, a little while ago, someone purchased 31000 shares at or slightly above ask.
What do you think is going on? This could be anything from wchuck moving some of his gains from DNDN to MBLX, or it could be more insiders buying, or it could be people in Spain learning about the progress at Antibioticos and deciding to buy in before things really begin to take off, or it could be new investors learning about MBLX for the first time and realizing that the risks are low but the rewards could be high, or it could be news starting to get out in advance, or it could be buyout rumors that are just starting to percolate… or or or :)
Regardless, I’m now wishing I didn’t sell my trading position at $1.52 the other day because my core is starting to perk up :)