Wednesday, May 14, 2008 11:31:31 PM
yeah it does seem that the group that originally came to breathe life back into the stock also like to trade the stock lots too.
Those shares flipping around, can even artificially lower a stock providing the liquidity of shares needed to hold a stock down on lows for the close, hoping that many mom & poppers will be squeezed and bail. Take that liquidity of shares away and it could gap up, add liquidity of shares and it can gap down.
Remember folks this is a pinksheets stock still. It was 0.0007 before, so it can head there again and it didnt take much buying power to reach 1.3 cents either. Heck it was also $3.25 too so remember that as well. There are longs, there are short term investors, there are shorts and there are also naked shorts/FTD's and there is also management that issues stock with good and bad press in order to reach their own goals. People trade on news and others on charts, or fear and greed.
Love the market.
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM