My take on yesterday and today FWIW
First I had a buy at the ask of 750k@.0042 that would not fill. In the past when this happens it is almost always a signal that the MM would/are going to take it down.So I cancelled my order and left knowing the PPS was going down(2:30 or so)and went and took a hour and went shopping knowing I could come back in a hour and the bid would be lower.Came back to panic selling with everyone saying the technicals are broken we are going way down ,near close I added to my position because the PPS was only down about 6% from the opening. The reason the PPS didn't go up yesterday is because there was no buying preasure period.And the buying at the ask (like I tried) was not going through,So bottom line is no BUYING preasure and MM muffling with the BUYS anyways.
Today I see more panic selling into the low .003's or the high .002's before lunch (I'm hoping we just go up but the PPS was only down 6% yesterday).I believe the volume today will be at record levels for this company at over 200 million , so were we go after lunch is anybodys guess. I believe today we will see .009 or higher.
As for MR.Caps , I am not sure why he told anyone that he sold his position , and I find it very hard to believe that anyone that watches these subpennies is in BANY above yesterdays open price avg.I only invest in sub pennies that are making money and do not trade for a living and my avg. is .0039. So the real question to MR.CAPS is if his avg. was at a point that he was down 50% or so , Why take a loss and not avg. in today or the next and make your avg. in the .004 range?????
Last the toxic funding , this company is dumping shares period. But they are disclosing it so that it is public info (I like that). You can not show me one POS that never dumps shares. The bottom line is they have a HOT product NOW and what appears to be 300% growth.
