Wednesday, April 12, 2023 6:24:44 PM
That is my read on a lot of it. Weeks ago there was an 8 million share dump in minutes, with not bid support, by someone. Stock is already up 100% since then
Not even sure it was legal, unless it was shorts and stop losses triggered.
Folks might might want review the history of penny stocks that made the cut in the Past, like Citi Bank, Apple, GM, Ford, Sirius XM (I bought in 2009 for about 2.5 cents/share) all back in 2009... When the markets were all peak doom and gloom...
Any stock that is not profitable, or has debt, and has market revenue risk has gotten hammered, few have prevailed.
One I bought in 2013 around a penny, made it to Nasdaq weeks ago. Opxs...
Meet one of the top famous shorts, talking about penny stocks that made the big time like Apple and SeriusXm, after a near death crash...
https://www.timothysykes.com/blog/most-successful-penny-stocks-in-history/
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