Hindsight Markets Recaps Small-cap stocks on September 3, 2026
MIMI, September 3: an 8:00 headline, $1.19, and three bid walls that broke
MIMI opened up 81%, then faded below its open by the close.
What happened
News and the top
Two 8:00 a.m. onchain headlines lit it up. It opened at $1.16, up 81%, and hit $1.19 that minute.
Big bids under the price
From 9:35 a large bid built at $1.10.
Stop It's 9:36. MIMI is at $1.13, just under a $1.15 ask wall. A big bid has been building at $1.10 since 9:35. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:33 a.m. and stop at 9:36 a.m. ET for your call.
Sellers ran through it: 234K shares in 37 seconds, gone at 9:36:54. By 9:37 it was $1.01.
Stop It's 9:44. MIMI is at $1.03. A bid wall of well over 100,000 shares has sat at $1.00 for more than 20 minutes, and a large ask wall is building at $1.10. Would you buy here?
Press play: the real Level 2, tape and chart run from 9:41 a.m. and stop at 9:44 a.m. ET for your call.
At 9:44:59 one sell order ate it in half a second. Within a minute it hit $0.93.
One more bid
From 10:09 a bid built at $1.01.
Stop It's 10:22. MIMI is at $1.01, sitting right on a bid of about 160,000 shares. The stock has held around $1.00 for most of the last half hour. Would you buy here?
Press play: the real Level 2, tape and chart run from 10:19 a.m. and stop at 10:22 a.m. ET for your call.
It was eaten at 10:22:58. By 11:30 it was $0.82, and it closed at $0.97.
What to take from it: Big bids were not a floor on MIMI; sellers ran through all three.
Replay MIMI's day
It starts at 8:30 a.m. ET with the real Level 2, time and sales and chart, from the same feed the replay plays, stops at 8:33 a.m. and asks what you would do. Or press Play on any moment in How it traded.
The details
How it traded, step by step
Gap and fade. It gapped up 81.0% to $1.16 at the open and traded below the open by 4:00 p.m., at $0.9653.
| Time (ET) | What happened | Watch it |
|---|---|---|
| 4:00 a.m. | First trade 20% above the previous close of $0.6409 | |
| 8:09 a.m. | Volume since 4:00 a.m. passes the whole float, 13.75 million shares | |
| 9:29 a.m. | Pre-market high, $1.17 | |
| 9:30 a.m. | The open: $1.16, up 81.0% from the previous close | |
| 9:30 a.m. | High of the day to the close, $1.19 | |
| 3:59 p.m. | Last trade before the 4:00 p.m. close, $0.9653, 18.9% below the high |
The shape's name comes from a fixed rule, not a judgement (how shapes are named). Halts are in the halt table below.
The day in numbers
- Previous close
- $0.6409
- Open, 9:30 a.m.
- $1.16
- Gap at the open
- +81.0%
- Pre-market high
- $1.17 at 9:29 a.m.
- High, 4 a.m. to 4 p.m.
- $1.19 at 9:30 a.m.
- Low, 4 a.m. to 4 p.m.
- $0.6852
- Close, 4 p.m.
- $0.9653
- Change at 4 p.m.
- +50.6%
- After-hours high, 4 p.m. to 8 p.m.
- $1.04 at 4:21 p.m.
- Volume, 4 a.m. to 4 p.m.
- 61.87 million
- Volume after hours, 4 p.m. to 8 p.m.
- 1.93 million
- Relative volume by 8 p.m.
- 53.0×
- Float
- 13.75 million shares, from filings as of September 3, 2026
- Shares outstanding
- 14.09 million
- Volume, from the one-minute bars: 32.97 million shares before the 9:30 a.m. open (52%), 11.65 million in the first 30 minutes (18%), and 19.18 million in the rest of the day to 8 p.m. (30%).
- Float rotation, the volume since 4 a.m. against the float of 13.75 million shares: past it once at 8:09 a.m., twice at 9:07 a.m., three times at 9:46 a.m.
- Other days MIMI met the small-cap rule in our recaps: 4, the latest on September 28, 2026.
On the day's lists: the intraday runners. It is here because it was in play on the intraday runners: up 30% or more on $3 million or more really traded, outside the small-cap rule's price, relative volume or float, its high reached $1 or more and it started the day at $20 or under (the rule every page uses).
Halts (none)
The exchange's halt feed shows no halts for MIMI that day.
Halt bands that day: the LULD plan's Amendment 18 rules (what that means, LULD calculator).
How we read the data, name a day's shape and pick the stocks: methodology.
Trade this day
Replay MIMI on September 3, 2026 in Hindsight Markets: the real tape, the order book and the halts, on a clock you control, and see where your orders would have filled.