Yup Pooky, I agree. Many shares were bought in the 4s, 5s, & 6s. When strong volume started, many more jumped on to "ride the momo."
Now that momentum has waned, people are selling to cash in their 20%, 25%, 30% profits. I understand, the goal of investing is making $$.
Though some have made $$ flipping MMEG, it is not a flipper. There are long-terms plans & goals here.
If one is interested in MMEG, one should do some quality DD and if they like it and are still interested, they should buy, know what they own, and HOLD. I didn't buy-in to see what it could make me at the end of the week, next week, or the end of the month -- rather, where it will take me next year.
It is a high risk penny, and yes I could get clobbered here and be put in the outhouse. But, IMO (and hope), it will put me into a nicer [paid-off!] house and out of work.
GLTA!
