InvestorsHub Logo
Followers 24
Posts 7403
Boards Moderated 2
Alias Born 06/11/2020

Re: gshores post# 7706

Wednesday, 12/20/2023 4:27:59 PM

Wednesday, December 20, 2023 4:27:59 PM

Post# of 14509
Oh it is absolutely being manipulated. LOL Just not in the manner that you suggest. Chart for the last two days below. They are getting volume by selling into the bid .Then they pull the quick two million share recovery with some likely help from retail who always fall for the "missing the boat" head fake. There have been times when these quick head fakes have triggered a run because the reality is, OTC traders are typically not a terribly sophisticated bunch which is why they are so easily fleeced by those employed to sell shares for these toxic lenders.

Now do the cost benefit analysis from running it back up for what will be a reloading of the bid at various levels. They resell the shares bought for the reset later for a minimal loss but were able to sell those converted shares in volume again in another cycle of selling into the bid at what is now a higher level. Must remember that these people control a large percentage of the float right now and will be rolling those hundreds of millions of shares out over the next few months. That 698 million shares converted from Q1 through Q3 more than doubled the share count.

its funny someone bought 100,000 at .0074 and instantly it gets dumped to .0066, love the manipulation.



Bearish
Bearish

Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent BEGI News