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Tuesday, November 18, 2014 11:00:39 AM
Last week it wouldn't even open several times, for one hour or more and would maybe do $2K, maybe $3K total dollars traded for the day?
This is a wild ride - I think we're starting to see how ole Magna, does what they do. Remember, they already got 9 million low priced shares in up-front fees for the credit line financing deal and they got the convertible type $200K/$300K note deal just prior to that.
This is wild IMO, the way this is trading now. Flat and hardly any vol one day, then a 14% or so spread and swing yesterday on pretty high vol, only to close it down, red. Now it does 500K shares right out of the gate, within 8 minutes of market open, but is pinned perfectly at .0152?
Wow, fascinating IMO. If this breaks 1.5 cents in here, I think it might be look out below. Even w/ multiple PR releases, the 10-Q and "revenue" and all, there just appears to be little to no buying interest IMO, or at least not near enough to over come whoever's driving the big share trading.
(make that almost 1.5 million shares now, pinned down at .0152, perfectly? Wild to watch this, they're unloading a boat load maybe for somebody or is it a short-cover from when they ran it to .0170, .0175 like yesterday perhaps and doing it all with the price perfectly pinned on the bid? Wild.)
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