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Re: None

Thursday, 07/10/2014 2:11:11 PM

Thursday, July 10, 2014 2:11:11 PM

Post# of 106839
"walk down"?? Is that a new name for massive selling in which it broke the 50 DMA and almost hit the 200 DMA in a single dump?

Interesting? Didn't know that's a "walk down"? Thought it's just far more sellers than buyers?

The volume has been drying up for over a week and the spreads are getting real wide again (as in 8% to 10% or so). On a few recent days, they took someone for like a 15% or 17% spread on the open. Probably an amateur who had a market order to "buy on open" for maybe $500 or a $1000 worth at most. Big mistake IMO to ever use a market order, on any stock, but on this one, the MM will really clean someone out typically.

Historically, when it gets in this low volume, wide-spread mode (not even cracking $10K traded on many days this past week or two), it's usually about to take some of these big, sell-off dump days. It's busted the 50 DMA avg today, if it does it a few more times, it will be a strong down-trend and I'd say it's back at 2 cents or even lower possibly- that's the historic, "normal" pattern on this one. One sell order of "size" when it's in this low-vol, high-spread mode, can dump it 20% in a blink, as it's done many, many times in the past. Liquidity is gone at these daily volumes.
(50 DMA is at .025 and 200 DMA is at .021 right now)

Remember, their $5K penny-pay-to-promote campaign with smaallcapvoice (possibly others too), has run out from the disclosure. It was $5K for "one month's service" and began on 5/27/14. So that is done if the disclosure is up to date and the air may be coming out.