Followers | 376 |
Posts | 17197 |
Boards Moderated | 3 |
Alias Born | 03/07/2014 |
![](https://investorshub.advfn.com/uicon/458287.png?cb=1657037051)
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.
FEATURED Element79 Gold Corp Announces 2024 Clover Work Plans & Nevada Portfolio Updates • Sep 10, 2024 11:00 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM
Nightfood Holdings Inc. Completes Major Step on Uplist Journey by Closing Strategic All-Stock Acquisition of CarryoutSupplies.com • NGTF • Sep 10, 2024 8:15 AM
Element79 Gold Corp. Announces Sale of 100% Interest in Elder Creek, North Mill Creek, and Elephant Projects to 1472886 B.C. Ltd. • ELEM • Sep 9, 2024 9:34 AM
North Bay Resources Commences Gold Shipments, Fran Gold Project, British Columbia; Enters Taber Gold Mine JV, Sierra County, California • NBRI • Sep 9, 2024 9:15 AM
Simple Stock Loans Announces Unique Solutions For Investors Looking for Alternative Liquidity Amidst Recent Small Cap Rally Sep 6, 2024 9:30 AM