Red Giant Entertainment, Inc. (fka REDG)

[Penny_Island]

Dr-T, I think it was partially answered already, yet yes, the sheer amount of shares is the issue and the sheer amount sold at this level already, is going to make it very hard to push through. The flippers will buy and dump just to push it back down to flip it again for a 50-100% profit.

The flippers often work in teams/groups and use multiple trading accounts to manipulate the price at these levels which doesn't take much. Then you have the "trip boards" on iHUB that will tell people when to enter and exit so you will see huge numbers at those levels as well.

When it goes you almost have to take time off work to watch it at this level as the people who are playing the game are doing it for a living and you can check it and think you are way ahead, but you hold thinking it will go up a little more and make you more. Then you check 2 hours later and its back to .0001 and you are in the hole again.

-PI