TODAY'S TRADING 7/20
As I predicted last night, JEFF held the line at .0005 this morning and now other MMs are joining him. I've said .0005 is a testing point and they obviously feel they need to try to hold it here. For how long is the question. They may be thinking another 2 weeks here will exhaust longs into starting to sell. The problem though is that that is going to leave them little time to cover and, in all likelihood, more news is going to show up that will force the issue. I know this is frustrating, but this is going to be one of the hardest short positions in the history of pinks/otcs to break. They will not go down without using every last trick available to them. They outlasted yesterday's buying but barely. This morning apparently not enough buying is coming in to make them take a step back. Their strategy is starting to work in their minds as buying has slowed and they are back in control. If they can hold it here all week, they still probably believe buyers will not want more and sellers may start to emerge.
As much as they are "in control" however, they are not. There is little selling IMO. They are covering very little IMO. And they are only moving Roger's timeframe up o news releases IMO.
As I said before, the MMs can do this the painful way or the VERY painful way. Looks like their choice is clear. Maximum pain it is.
Z
As always, these are my personal opinions.
Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.
AI
