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Re: snoof77 post# 107372

Wednesday, 05/06/2015 1:23:55 PM

Wednesday, May 06, 2015 1:23:55 PM

Post# of 123645
It's quite obvious why someone would paint up the PPS in the middle of a trading day. Simple price support. They have shares to unload and want to get as much as they can. The stock is going begging at low levels and every time they take what they can get they end up driving the price support to dangerously low levels that would make unloading more difficult. They're trying to maintain a balance where they can meter out the dump on a daily basis. $.0004s looks like a helluva' bargain when the stock is trading at $.0006. Unfortunately for those that bite looking for a quick 48% flip, the high volume shares at $.0004 they will never be able to unload them with the skimpy buys, which are probably matched trades anyways, at $.0006.

Painting at the end of the day I see as more of a panic by a long underwater or someone trying to support some ridiculous theory of OBV positive field trend in what is a dead company. lol.