When you think about the major sells today, there apparently were three (as posted earlier) that were all in 400k blocks....that's not alot of $$, and enough to cause the free fall that we had. the sells could have been done by only one or two people. My interest lies in who wanted to buy them, and why if this stock is apparently a scam (according to all of the cockroach bashers that suddenly appeared when the lights flickered) why would other investors want in (are they insiders that know something? are they flippers? are they longs that are averaging down?
I'm still puzzled as to why Pete would be sooooooooo high on this company just 24 hours ago and then suddenly have a rude awakening (just one trading day later) that he had been had. Sounds like it was a planned pump and dump. Shame on him for doing that.
I'm no pumper, but I am long and I do still believe in this product, which I why I (and quite a few others from what i see tonight) plan on sticking around.
Good luck to us all--I notice the bashers continue to simply leapfrog over my posts, which makes me happy because i dont have to take time out of my evening to defend my position--and it tells me that they are afraid of rational thinking longs like us.