Here is how I know this is scared retail selling..I know someone who bought shares...He had to sell out today. Has a purchase he needs to make...he had bought at .006....so he dumped 1 million shares at .0045 limit a few minutes ago...
He called me to help him because I have LEVEL 2...So I was able to tell him whats bids were there etc..
Soooo..He dumped 1 million at .0045 limit...I saw the fear...the stock was quiet for a while leading up to this...then all hell broke loose..... his shares sold mostly at .0045...but then an avalanche of fearful retail selling happened immediately thereafter..within seconds besides his million another 4 or 5 million sold off..over about 5 minutes...when it was quiet for almost an hour leading up to that time.
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