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Re: mycherio post# 26266

Wednesday, 03/01/2017 6:00:05 PM

Wednesday, March 01, 2017 6:00:05 PM

Post# of 65784
I would have to respectfully disagree. I'm not one to take a stab at pps numbers anymore because I'm quite often wrong, but if you look at the trades today buys out number sales by just over 1 million shares. It's a bit baffling, honestly, to me that we're 5% red on the day.

Look at some of the fills and it's evident to me people have some rather decent size limit buys setup that's going to help hold the floor. A few afternoon trades were 1 mil+ shares. $15K-20K is quite a bit of money to be throwing down on a penny stock, so clearly there are buyers out there that are willing to bet $5,000 or more that this stock wont be at .011 in 15 days.

At the end of the day the penny market doesn't care what I think or anyone else thinks for that matter. PPS is driven mostly by these $10-20K buy and what those folks think and whether or not they are flippers or holders.

Sure, in the big boy markets that's not a lot of money, but down here in the OTC it is.