Board sway it's called - Not bashing I accept that this stock is actually doing much better then others out there and has an enormous increase of board markers over the last month or so ..... But be careful of a massive drop in any penny
The majority holders are the ones who talk most highly of it on IHUB ! they are the only ones who can invest on these things... and can sway the price of the share....
Say I put in 8k of my money on monday at open at ask.... what do you think would happen?
8k = 1,333,333 shares - What do you think about the daily volume now?
what was there today ... just over 8 mil? Market makers can control a situation and scare the heck out of you to sell off your shares on a drop ...then they buy them back from you at a low and push in another 8k at ask and push us back over the fence for you to buy back in! Very low prices equal greedy people.
Trust me this is no bash and have learned SO many lessons from pennys over the last 2 years.
Investors who do not even have thier own accounts such as scottrade Etrade TD can't even touch a price of under 1.00 or don't like to due to the fact they are so UP and DOWN and UP and DOWN....
Got my point?
The longer a company goes without news slowly the amount of investors say wait a minute RED FLAG I might have gotten into a spike only ..and then they try to average down into losses and usually end up with double losses...
Many people play with stocks of which they can LOOSE the money on. If you can't afford to loose then uh oh you might want to read up on charts.
Today's close shows signs of strength and Candle sticks can show that.