Because in penny land you should trade and not invest. Most pennies are not CEO's buying shares in the open market... Think about that for just a minute all. The CEO in his own gamble is gambling like the rest of us. Now to why you see millions sold and flipped. Its simple. Its triple prices. Triple prices make an entire 3-5 years plan to gain in big board stocks. Who here wouldnt flip(pun intended) if their 401k made 25%, 33% 50% in a 3-5 year time frame, let alone a day?
See in pennies these are daily levels.
.0002 to .0003 is 50%.
.0003 to .0004 is 33%.
.0004 to .0005 is 25%
.0005 to .0006 is 20%
So you cant ever fault someone that can see that type of gain towards each dollar spent. Today we still see this stock creating higher more supportive levels. See, not so many flip at 7/8, 8/9, 9/10 cause these are now single digit gains. So as this slowly climbs so does the shares from one holder to the next. And those holding at 6 plus, will see major jumps because the hype and what is happening here is an epic pinksheet play, if ive ever seen one. And many will hold longer soon, because each tick isnt such a high gain. But multiple ticks are. Now think if you held at .0003 during a multiple tick flip. Cha-ching. But that still leaves lower levels easy play prey, and thats why its sooooooooo important to remove these levels. Then this gains on why a new MJ that could corner the market emerges, and we see explosive gains. Why a CEO buys 14 Million in open market. Heck, most here dont hold 14 Million and they want a payday. Then at least for today you add in the Friday also, and its end of the week flippers. If i could change one thing here, Id get this CEO out of the habit of Fridays news. You are already facing an uphill battle no matter what you release, on a Friday. Release on Monday and Tuesday, gain, then come Friday your rocket gains see little sell off. Not... your best news cant gain traction days.
Outside of that, we have a CEO gambling more than most here. A new acquisition, that with the right money, corners the hottest, newest, MJ market. They already make money. Now add in the CEO buys open market shares. Why? To Reverse split and wipe himself out? Nope. We have what is building to be a triple zero penny play that can dwarf many runs any one of us has ever seen. A CEO buying his own .0003-4 shares is bigger than any news you can imagine on an exchange that is designed to be a non regulated, atm, mosh pit of scum.
Let those sell at 3 and 4. See how hard it is for any of them to get back in for the biggest gains, to come. Thats what slow and steady does. Others then can say, "thank you for yours, ill ride up what you decided to walk from".
As many are now realizing, this clearly isnt a one and done penny play. Onward and upward as we set all new bases, damn near daily now.
