Future Carz Inc. (FCRZ)

[nsomniyak]

Sometimes people clear out losers at the end of the month (end of QUARTER today too) just to not see them any more.

Also, some brokerages will let people exceed margin limits intra-month, but require them to be square as of the statement date. While FCRZ is not itself marginable, it may have been held in a margin account and sold to raise cash. If the broker is doing a forced liquidation, they will often start with the junkiest stuff (pink sheets) and work their way up. They put no time into it, just dump at market.

Not uncommon at all to see micro-caps that have had some speculative buzz, but are now underwater for many, show significant price weakness the last couple days of the month. Lots of times there's a buzz to the effect of "next week we'll get that news", and it doesn't come. Such stocks are candidates for portfolio housecleaning for any number of reasons.

Any time the calendar gives people, in general, more urgency to sell than to buy (and that urgency is tied just to the calendar in some way as opposed to company fundamentals)--that's a good time to have a low ball order out there.

The big spread, and limited volume, in FCRZ of late also suggested that my stink bid might be the only oe out there if someone dropped a sell at market order in, or if a broker just started "purge selling" of a customer's junk to get them into margin compliance.