Enough-You should not be in Penny stocks then.
MM's, short sellers, TA chart professionals are all working every pink and OTC stock out there. If you are going to play in this league, then except "it is what it is" and have the knowledge to work with it to your advantage, or choose stocks that will offer more stability, ie NYSE, and some Nasdaq plays for long term growth. You cannot have it both ways. Pinks/OTC stocks are the "wild west" of trading, period.
The profitable traders get in early, work the system and make profit and move to the next purchase. Check any stock that is a pinkie or OTC listed and what drives the direction of price - #1 is technical strength of a stock.(Charts). Buys are started by experienced traders in which creates momentum (volume) helped by news/Prs, and posting by the so called smart traders on IHUB and other boards. The MM's just use the lay person as this process consumates. Technical analysis of the chart (macd crossovers, RSI strength, Aroon, Stochastic, Accum-Dist. support-resistance levels, etc. determine the direction/continuation of the stock price, because the experienced traders look for these indicators in making a decision to buy or sell.
Volume thru momentum sometimes will drive a stocks price beyond the technical parmeters, but price always comes back to test these.
Posters promote the stock they have purchased to help move the stock. There are also PAID bashers who infiltrate boards to manipulate the price. MM's and paid bashers are only successful if the traders involved are weak hands, sheep, and the stock does not have the strength thru technicals/strong news to continue a certain trend. Then the weak hands sell off thinking the price will never stop declining so bail out, creating a downward spiral.
Now, with EQBM, yes, the MM's have played it well and as the price went down, novice investers like yourself bailed out afraid the downtrend would not stop. "Shook out the weak hands, which perpetuated the downtrend. No news out short term helped as well. Thus,you would try and make it up by selling and investing in another stock. The trend of this stock was topped out with the last run @ +-.026 and then declined to its present price. The smart traders read the trend and sold off at .026+- and the weak hands kept buying thinking the price would continue up to .05, where it topped out before.
The price of this stock will uptrend with real news back to the level of .028-.037. Knowing that, the smart traders will now start buying at .005-6+-, and have a 5-6 bagger from it. If news is substantial, may continue with momentum to .05. Then the process will repeat itself and downtrend again with smart traders selling off at the top.
And by off chance you are a paid basher, you know where to go.
This is my opinion only, due your own due diligence, not a buy or sell recommendation.
