I've been trading pennies for a few years now and just got into trading a few in December again. There wasn't too much action going on with them until just a couple of weeks ago. I have more than 50 positions open on my Etrade account. All was normal up until this week, meaning Friday sell offs were normal, nothing major, just buy the dips and they all came up like normal... made a few thousand quickly. Starting Thursday I thought it was an early sell off because of Monday. So I waited till Friday to start buying the dips, which I did for a little while till I realized that the dips were not stopping. They never did, in fact I had all but a few strong positions on my board RED all day! It never stopped... that is a shit load of selling off, some of my positions were wiped of more than 60%!! That's not normal!
Why isn't anyone talking about this on here?? Is that normal? My main question is it going to continue on into Tuesday? I had come to your conclusion as well, thinking that those dirty bastards went in and bought up all the .0001's on all these stocks, and went and started getting a frenzy going and getting people on other platforms to hype up the penny stocks, which I saw a lot of, to get all the people who don't have that much to get into them again, only to pull the sheet from under them. That seems logical the way they continued dropping all damn day! Absolutely no breaks in between like if the bots I hear about were just at it and never stopped. Mind you all but a couple of the positions I had opened were at .ooo1 max, mean it only went to the ten thousandths place... now I am looking at my positions on Etrade and more than 1/2 of them are .00001, hundred thousandths place values. That is going to make it harder for them rise as fast as they did now. Could that be a correction of some sort, and by whom? To keep the little guys down again?
