Bitzio, Inc. (fka BTZO)

[Odessa99]

Sometimes, with pink sheet stocks, it is more about the lack of selling than about the magnitude of buying that is a telling sign of things to come.

On Friday, there was no selling interest for BTZO at .0001. And today, while the bid has been sitting at .0001 most of the day, a grand total of 850 shares has been sold into that .0001 bid (representing a tiny fraction of 1% of the trading volume thus far today).

Since holders of any OTC stock trading in the low triple zero range are among the most uneasy of shareholders (when it comes to holding on to the position), I think it makes a big statement about the chances of BTZO going much higher that the interest to sell into the .0001 bid is next to nothing. Especially after coming up from a no bid status just days ago.

As always, simply my opinion.

BTZO