As posted a number of times here recently, the buys coming in were obviously from one large source, given the chunks and the timing. That source, while officially unknown, threw what looks to be at least $700,000.00 at GCKO. They also bought the stock at at least 70% above its market price, even though it registered as a sell (.015+). Are you arguing that because of a small website's news release $1,100,000.00 of buying came into GCKO in around 2 1/2 hours?
That doesn't quite seem reasonable. Who was buying 5M shares a pop?
This does not look like a pump and dump whatsoever. This looks like institutional or corporate buying which sparked a retail frenzy. I'd be surprised if retail accounted for any more than 25% of Friday's buying.
Biomed may have alerted a few people to buy, but it is ridiculous to think that a mid-day e-mail from them brought on trading of the entire float in 2 hours!
Cheers,
BK
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM