I have my core of 7M, all free, which I am not touching. I have played a few swing trades before, not yesterday. It was tempting, but I am sticking with my strategy until custodianship termination and merger announcement.
If there was no shorting, yesterday’s volume would have taken it to .03-.04 cents... but MM’s definitely control the action here. Most of the volume was traded above .005 yesterday, so the drop was orchestrated to allow them to cover. 200-300M shares were traded above .005, and then 30M sell drops it to .0036... simply does not make sense...
In any case, us longs will profit in the long run. If it does drop below .002, I will buy some swing trades.
I am also in $E-GO-C form .0004 and $G-O-FF from .0044... patience does pay w Lazar plays...
