After all the selling at .20, my prediction is ABAT closes at .225 today so the delusional longs can sleep again this weekend. I also predict MMs have taken about all the shares they can handle in the .20s and you will see .18 print next week. Mark this one and we'll meet again next Friday to see if it comes true.
=I also predict MMs have taken about all the shares they can handle in the .20s and you will see .18 print next week. Mark this one and we'll meet again next Friday to see if it comes true.
By the way... I was correct. Not only did .18 print... we actually saw .14 print. I told you to the day when this would happen:
"After a day like today where they quit taking shares, it isn't unusual to see a 10% drop the next day. We are really close to them not taking more shares around .20 and you will see .18 real soon."
It dropped the very next day and I proved once more I see things you don't. I didn't make the call in hindsight. I told you in advance when we were getting close and I told you the day before it finally broke through .20.
The end-of-session buyer evidently went over the hill today.
Just out of curiosity, have you looked at FINRA's daily short sales data for this? I'm testing a little hypothesis there (but still need more data points for a really valid sample); you might find it interesting.
One other possibility-if there are buyers willing to step in at $0.22-$0.23, given the usual daily volume we've had in the last couple of weeks, it could stay up at $0.20-$0.21 for another week or two. If not, then, yes, I'd say we're headed to the sub-$0.20 area.