Anyone see the 1,000,000 shares at the bid Friday?
The meaning of that bid was basically
It's a "buy scare" as we call it.
It's when someone with some loot wants to get a nice short position, they put up a massive buy to create hearsay and interest and hopefully new investors. Then they pull it...Now if they wanted the shares they would have bought it but they plan to establish a short position after it goes up..kind of a no brainer??