SUGO DD!! MUST READ!!
Yes I think SUGO's recent pop is to raise attention of retail and get the stocks average daily volume within the 100mill a day for a triple zero stock.
Back in Aug 19 2011 there was some debit conversions 6.25 mill shifteded into big guys hands. Again Sept 21 there were another 8.3 mil shifted. Plus from Jan 1 2012 500k went off restiction. Seems the AUG 19 shares were sold to retail right away in the price pop from .005 to .025. But the other 9 mil +/- in the ,005 area are still around. The float is 153 mil Dec 2011. So 9 mil is a nice sized chunk which could be sold in any new price run.
IMO the darkside play setup is there. Large amounts of new shares in big guys hands from the price pull down area .005 and probably many more at the .0005 area which has not been reported yet.
If this speculation is correct. I'd expect the unproven .0005 ones to be sold to .005 and the proven .005 ones, sold on any continuation higher.
If this move retraces to 61% FIBS it could take another few weeks to a month or so before any real play comes. Right now the ave volume is around 25 mil. Want 100 mil before big guys usually start a run. If it doesn't retrace to 61% the play could be now.
Either way it's worth watching. Strong for the next week and weekly watch if the retrace comes. I think this will become a darkside play eventually.