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Sunday, April 16, 2017 12:12:43 AM
i have been trading this thing since .0005x.0006 and this was free trading on the first 1,000% move...then during the last week something changed - not dilution (there have been no large a/h t-trades nor any large odd prints intraday signaling dilution) but rather someone using retail channels to unload hundreds of millions of shares...at moments when the chart was perfect and should have moved with ease, they continue to use cdel, csti and nite to put 1 mil, 2 mil 1.7 mil, 3 mil, 4 mil blocks on the ask and then every large bid is whacked...someone that seems to just want to get out and/or keep this in a certain range for a bit longer, not sure which..
and no, i don't subscribe to the idea that some entity is shorting hundreds of millions of shares of a .004 stock lol, it is something else...inventory became available imo..
having said all that, with the volume and the possibilities for good news and forward looking events, my opinion is that once whatever remaining shares are finally let out, this will have a much bigger move coming soon..
with nearly all the big movers lately, there has been the initial big run, then some huge pullbacks (see usrm, mmex for example) and after consolidation when many people have given up, then they start moving on air over the course of a week or so...way way higher..
and this isn't directed at you, but for those that say this needs to generate revenue first to continue moving, that's rarely how the pennies work..most of the biggest movers ever are on speculation of possible future revenues, most of the time never realized but doesn't matter...i could cite 50 of the greatest movers that were total scams and/or never made a cent of profit, let alone revenue ha...but ran like scalded cats for 1,000-30,000%
we'll see, but keeping a close eye on when the refresh ask seller and big block bid whacker is done, should get exciting again..all imho
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