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Friday, 08/29/2014 10:37:44 AM

Friday, August 29, 2014 10:37:44 AM

Post# of 106825
15% spread in 17 MINUTES of trading (last trade 9:47 Eastern- almost 1 hour ago now, low of .0225 on open)- gotta love the MM's on this baby. Sell/dump days on high vol with the spread tightened to like .024 bid and .0243 ask yesterday, breaking hard to below the 200 DMA.

Today on 36K shares traded (36K X .025 avg say = $900 bucks), yep on $900 bucks total traded, they swing it through a 15% move. Wow.

A 15% swing from the open, and now the bid is .0244 and ask is .0264, getting Grand Canyon wide as is typical IMO on the low vol "move it back up days". Gotta get it back up in that range to set-up to dump the next large block for their client, I guess? It's fun to watch how the penny MM's can work this thing, to the tee. Pretty impressive what an MM can do on these penny nano-cappers.

The 3-4 month chart is a real hoot right now on this one, IMO. Going nowhere, with about a one month, high volume dump cycle to below the 200 DMA, when "someone" appears to unload a block like it's on a set schedule or something? Those sharp dump lines on higher vol are amazing to me- I'm trying to time/measure the intervals, they seem "set" or pretty much planned possibly IMO?

Since the March/April PR run-up, it's only down about 50% now, maybe a bit more depending on when one bought. So a 50% loss in only about 4 months, that's not really bad as an investment I guess? And it's gone really pretty much nowhere for about 3 to 4 months now- hanging flat, at or below the 50 DMA. Now breaking down below the 50 DMA and heading closer it looks to the 200 DMA possibly (like it did late May and early June). A few more days under the 50 DMA (it's been about 7 now) and it's probably a confirmed down trend, IMO.

Just a little TA/charting viewpoint.