Sernova - Market Summary; House Positions; Breakout :)
The market makers were trying to hold 20 cents, the PP price, but are starting to fail.
Today, there was a breakout including two small trades 17 minutes after the close with Mackie (083) the buyer. These two small trades are agreed crosses at the closing price at 4 pm EDT.
You can see from the closing "Bid - Ask" below that the market makers are now trying desperately to sandbag the price at 21 cents. Anonymous was vigorously trying, near the close, to hold the price back w/o success. See below and Baystreet link for more detail.
In addition to Canada's 1.92 million shares, Germany chipped in with 54k shares traded and the USA another 5k... bless them....
My take is something positive is up. The whole demeanor of the trading changed once the recent update on the PP was given. My guesses include: a pouch (or two) has been installed; something else positive from the FDA trial is leaking out; something else positive has happened. Whatever the real reason, in all cases, Sernova wants to wait until the PP closes to release details.... hmm... just maybe there's a stampede to take part in the PP by institutions because of whatever is now driving the share price.
Technically, this breakout is significant... just maybe, the recent boutique article was hinting of some really good stuff to come... don't know, but we will hear something soonish, I can almost feel it.