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Re: gold team post# 108035

Wednesday, 05/27/2015 10:18:27 AM

Wednesday, May 27, 2015 10:18:27 AM

Post# of 123646
Who's buying MRIB? I would say that depends on the PPS. Looking at the trading, almost all the volume is at daily lows. Those are the $.0004s and I'd say those buying are either flippers who think they're getting a bargain looking for a quick turnaround or folks averaging down although I doubt there's many of those left. Probably just the pure gamblers just looking for a bump. And the buyers at the higher PPS levels? My bet is the same person dumping at the lows. Matched trades at a premium to keep the gamblers in the game buyin their cheapies. A cashless transaction moving shares from one pocket to the other in the same pair of pants acting as both price support and a tease to the gamblers that profits are to be made on those cheapies. And they're doing it in higher volumes so as not to appear as a blatant paint but only at a small percentage of what's being dumped. Very effective. But, it's like the movie The Sting. When the gamblers try and cash in those cheapies they get the "shut out" and no volume or market for their shares. So, IMO, the only shares actually being bought are those at $.0004 and below now. The higher priced shares are just a controlled dog and pony setup.