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Re: Penny Stocks 2.0 post# 13123

Tuesday, 02/02/2016 4:12:39 PM

Tuesday, February 02, 2016 4:12:39 PM

Post# of 32393
Its simple. There is not enough volume. 6,000 shares is not a lot of volume. If it were 30,000 shares, or 10% of the float, thats adequate volume to move it up. The small volume right now is a haven for flippers and shorters. Look at NITE right now. Playing for .25 cents a share. Sitting high and low on both sides. Thats not a real market, but thats what MM's do. When this had volume in Dec and early Jan, they got out of the way. And forget about what you know about charts. This company doesn't trade according to charts. You can't use charts in this stock as any tell-tale barometer. No form 4's, no 144 Notices, no insiders selling, nothing other than a 50K+ share series of improper sales based on unauthorized conversions.

No one knows about this stock except a few dozen day traders. And there's your answer for the negativity - that the stock doesn't move every single day, or that X is suppose to happen because of Y. The company can put out a revenues report of $10M tomorrow, and it will still trade the way its been trading. Why? Because no one knows about this company. I have a feeling that may change soon based on the prior releases and tweets.

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