AS-IP Tech Inc (IPTK)

[nsomniyak]

Down sharply with big volume on no news. Either there is bad news we have not heard yet or this is unrelated to IPTK's fundamentals. One possibility is that someone got a forced buy-in on a margin call. That is my guess as to what is the most likely cause of the drop, as it looks like this was what I call "dog barf selling" (just get it out fast) with no regard for what price they got--just blowing through the bids until the shares were gone.

I took the opportunity to add to my position at .03

Memo to self - days like this are why it can be profitable to always keep a really stinky bid out there on otc stocks. Sometimes you get a dog barf sale like this and shares can fall to you (usually just after the open).