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Friday, May 02, 2014 11:51:02 AM
That was about 20K shares at .0257 or whatever. About $500 bucks worth. And it dropped it from the illusion of being "up" 8% all AM, to bringing it down, in a straight line drop by about 5%.
That's on $500 worth. If someone wants to unload, say a paltry $10K worth (small by the amount of options, warrants, typical dollar holdings of a listed stock for example)- that $10K if it was a sell order, can drop this thing 20% like was seen yesterday, IMO.
It's thinning way, way out. Again, it looks like the "event", whatever it was, may be pretty much over IMO.
Now, probably a slow grind, slog back to about the 200 DMA of 2 cents or so. A "big boy" unloads or goes short- who knows where the bottom could/would be?
My 2 cent opinion. Volume is way low now though- that's for certain.
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