It was dilution. Sorry--sometimes ya gotta wake up and smell the coffee.
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It WAS day traders. What do you think caused it to go up in the FIRST place? just BAG HOLDERS AND LONGERS? *NO*. If it was just bag holders and longers, it would have STAYED AT .0008, it wouldn't come down to .0001.
It WAS the day traders that purchased a load of shares, and then sold them all off for money, that's the basic concept anyway.
Just in case you are ill-informed, day-traders don't day trade with just $100, or $500, they day-trade with THOUSDANDS of dollars at a time, even if you have just a FEW day-traders hitting this stock, they have such a MAJOR effect on it from the large volume numbers at higher ask prices like .0004 and .0005, not just .0001, and at those levels, you don't need much volume to get it to go up.
No, she doesn't think we're stupid, she just knows the SIGNIFICANT effect that day-traders really and truly DO have on pink stocks, AND BIG BOARD STOCKS ALIKE.
THEY drive the economy now, and they can sure as *HELL* drive a pink stock. an ask price of $.0005 for those pro's is sh** on a stick. They literally RA** the ask prices and drive it up, then destroy it's value when they sell their huge number of shares for their well earned profit. And once the stock had been BUTCHERED and sold down and had ran out of life, the day-traders simply moved on to another pinky for another opportunity.
