In my opinion this is a very good thing that occur today regarding the day's price per share run up... Aside from the obvious reason (we're in the green), the day traders will be looking at this tomorrow along with investors... Today's move will attract tons of attention from different investors and traders using all kinds of methods be it fundamentals, technicals, scanners, etc...
One thing penny stock expert Timothy Sykes preaches is " a stock that is up on no news or bad news is coming back down"... So traders will be digging into the news and DD tonight and tomorrow... As of right now, it may appear to the general average Joe trader that we are up for no reason as the OTC Market has no news update (aside from the bazillion other news updates from before getting eyes on those)... However, TOMORROW AMFE IS RELEASING NEWS per Twitter... So they'll see that news release and I bet it creates a greener day tomorrow... Wouldn't be surprised to see a gap upwards (not that I want to see a gap, I'd rather see a steady organic increase)... So my point with the Timothy Sykes quote is, we know news is coming, and it's being looked for!!!
There are a few walls and people playing games right now... I wouldn't quite call it manipulation, but rather the signature of day traders who got in and are getting out where they can... Many day traders won't hold penny stocks over night... They get in where they can, and get out for a small profit... Which is why I think we are seeing today wrap up the way it is... Up, but down from the high of the day...
Usually I would expect tomorrow to be a red day by basic day trading strategies... But if the news releases, and eyes see it (which at this point I'd expect eyes to see it given today's movement)... I'd expect tomorrow to be green!!!
You noticed though that holding a wall on the BID a hair below the ASK keeping the separation in the spread of the 2 thin royally helped us... That is where I would buy if it were me (not telling anyone what to do with their money)...
Today's jump though means that the news tonight should be seen by investors... And previous news probably got sorted through as well and will be through the night... We might gain some long holder because of that, though I would highly suspect we also gained a lot of short holders today too...
The momentum is good though and the technicals are too.... Obviously the fundamentals are as well... So we're good and strong!!! And big volume means we are being watched and noticed!!! HUGE!!!
Here is to a BIG news release, I hope tonight sometime so tomorrow people can see it by the day's open...
We closed at $0.0895 (hair under 9's)... That's 13.29% gain today alone and I think a 5 day streak of closing green on the day!!!
