Everything referenced here is the TSX-V.
The smart money today loaded up at mainly 0.145, they exploited a situation to walk it down on relatively increased but still light trading with what looked like only 2 blocks that got over 100,000 shares in the early going in the morning (up to 11:30am EST). They took out the bids within the few cents at 0.18 and below and set the tone.
I am quite certain the news is coming out very very very soon. They are just grabbing up the shares and resetting all the indicators for the run. We are entering severe oversold on the RSI (10). Not saying for sure the stock snaps back as it may just trading near the 0.15 for a few more trading days, but it won't be long imo.
0.145 was established for the afternoon session where several millions of shares traded from a little touch in the morning.
There was 2 trades at under 0.14: 26,000 @ 0.13 and 20,000 @ 0.12 and what happened after 0.12 printed? 0.16 prints for a lousy 225 shares right after. Then it trades for a bit around 0.15 ranage.
Here is the total TSX-V share per price run down:
0.12 - 20,000 shares
0.13 - 26,000 shares
0.14 - 69,000 shares
0.145 - 4,460,600 shares
0.15 - 2,151,407 shares
0.155- 1,438,270 shares
0.16 - 1,144,804 shares
0.165 - 129,000 shares
0.17 - 183,389 shares
0.175 - 785,400 shares
0.18 - 31,400 shares
0.185 - 150 shares
This is not a margin call situation on someone's account, doesn't look like it. Just the manipulation or buddy buddy trading for someone with a little knowledge of what's to come to get in the game or be bigger in the game. Simple.