With no bid and no ask ALL trades are buyer initiated so all trades on grey sheets are buys. Now think about this .... Who is selling?? With the Wal-Mart sightings I cannot imagine any true long, upside-down stuck, or any retail shareholder letting a single share go until Wal-Mart is PRed. I don't know who would sell at .025-.03 today.. Who was selling yesterday? It makes no sense? It is not SPNG..with the SEC on them.. Who is selling? All of the selling must be shorts selling at a loss to other shorts to cover at a loss.
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