Sonic
I realized the point of your message. I was just trying to pound the message home further.
Just look at your accumulation / distribution line from Stockcharts on a weekly chart and you can see that since January 1st it has been gradually accumulated the whole time the stock has been tumbling...an obvious sign that shares are being added to the float. The buyers can't even keep up with the dumping fast enough to even keep it level.
Normal stocks (un-dilluted issues) don't do this. You don't even need to read the news to be able to tell when these BB stocks are dilluting. Doing it for a day or week is one thing...and usually a signal that the stock will reverse, but for this long should be against the rules. Oh that's right...there are no rules in the world of BB's and pinkies. buyer beware
Chart:
I realized the point of your message. I was just trying to pound the message home further.
Just look at your accumulation / distribution line from Stockcharts on a weekly chart and you can see that since January 1st it has been gradually accumulated the whole time the stock has been tumbling...an obvious sign that shares are being added to the float. The buyers can't even keep up with the dumping fast enough to even keep it level.
Normal stocks (un-dilluted issues) don't do this. You don't even need to read the news to be able to tell when these BB stocks are dilluting. Doing it for a day or week is one thing...and usually a signal that the stock will reverse, but for this long should be against the rules. Oh that's right...there are no rules in the world of BB's and pinkies. buyer beware
Chart:
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