Saturday, May 01, 2021 10:18:27 AM
A few months ago, there were almost 5 billion shares worth LESS than .00001. I know, I have 10's of millions of them - total worth was only $3K.
So, those 5 billion shares are being sold off for profit. That's fine, if people sell at a limit. If I put up 5 million shares at $0.015, the price will hover around that price until it is filled.
If other people are selling at market, at open, at close, or anything else 'market', the price will instantly drop, because selling at market means you will take whatever is offered for them.
All you have to do is look at the chart of a few days or weeks, and you will see that each price drop is accompanied by a big sell. If that sell was at a limit, it would not drop. But if you see a big sell and a price drop, it was sold at market. The price CAN'T drop if sold at a limit.
It is BAD TRADERS that seriously erode the share price. I literally NEVER buy or sell without having a limit set. My buying and selling is undetectable by looking at the chart. But those who sell at market are the share price killers.
No outside company has anything to do with the share price, except if they buy a lot of shares at market, which they might do in certain circumstances. But they would NEVER sell at market. That would defeat the purpose of buying the shares in the first place.
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