Friday, December 30, 2022 10:01:54 PM
I've only seen manipulations like that with paid campaigns years ago, but this was a ton of zombies going off at the same time. It rose and peaked in two weeks then slowly faded from sub penny and I saw the flow go into the higher exchanges.
It looked like to me a group, maybe the same who trashed amc and other bigger names maybe robinhood wondered if they could do that to subbies and did an experiment. From .00001 to almost 3 cents was gigantic when you bought and owned 100K of a zombie @ .0001 and all of a sudden you can sell it for a well over a penny.
I sold blackout at the high and made like 1000%, something I've never made before in days, let alone years. I moved out 13 zombie stocks I've held or forgotten about. About 6 months before I think scottrade was selling out to TD Ameritrade and they sent me letters about taking a bunch of my stock because they claimed they were worthless and taking space and funds or whatever. They pulled two off my account, I got nothing and charged me a fee. Then I sent them letters (like I had any kind of influence lol) and told them I was going to sue them if they took another stock because almost all my stock still was listing the SOS's and had bids.
They actually stopped. 5 of those they wanted to take were in the groups that started trading up into the pennies. They take your stock you paid for, I don't believe it just goes away. At the very least I believe brokers sell dead stock off to some clearing houses.
Have a safe New Years.
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