This is in response to no one post...Whew! I go away for 2 days and I have to catch up with over 100 new posts. Entertaining reading, though a bit exhausting...
I find it interesting to note that no one comments on the movement of the stock this last week. We drifted alarmingly down as far as .13 on Wednesday, light trading on Thursday until the last half hour of trading when over 70K shares traded hands between .14 and rising to .18 when 30k shares were bought at the bell.
Some smartypants made over 30% on his/her money overnight! Let's see... buy 30k @ .18= $5,400... sell at .26= $7,800. That's a $2,400/30% profit overnight. Chump change to some of you, no doubt. Not for me. And that's not counting the shares that were bought earlier in the week as the price was dropping...
What bothers me is that someone knew to buy those shares up cheap because some new announcement was coming. Pump and dump is the strategy, I guess, but who knew the pump was coming??? Did they (whoever "they" are) drive the price down before the announcement? And how? This seems worth discussing, no? Or am I just naive?
