Friday, February 08, 2019 10:52:56 AM
It's understandable that the selling was/is off the charts here and that's what drove it so low, a combination of dilution, market makers, and very upset investors and traders brought it down nearly to the lowest of the low (.0001). Why it hasn't popped up to 0005 or higher yet, who knows, but my opinion is that the MM's are also waiting to see when the dilution ends. They must know better than anyone else who has been selling so much at new lows almost every day. It's just a matter of time before they start hammering the ask, but the smart time to do that is after volume has become consistently low. Once people get used to 50-200m volume days, they will think 500-700m volume as we have recently have had a couple times is a very high volume day. Then we will see a 2 billion volume day that breaks us over .002 with over 50% gains in a day.
Doesn't matter what news is released or whether or not this is a scam. When the dilution seems to be stopped this will go up fast
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