Friday, December 11, 2009 10:02:53 AM
This is a basic manipulation of a stock.
When it happens aggressively, it is good to know.
For example today the ONLY sale we had at .0024 was for 7,500 shares, this comes to an amount of $18. There is no way someone is trying to make a profit for $18. The comissions by themselves would leave this person just a couple of bucks. So we conclude that this sale was entirely to manipulate the price downwards.
WE MUST COUNTER THAT!!!
If we don't the small investors who doesn't have level 2 thinks there is a down trend and often sells sending the price even lower.
It is my experience that if we counter a down ping with an up ping eventually the down pinger gives up.
I personally have up pinged after someone down pinged many times to protect our investment and I need every one on this board to help too.
As a foot note to my opinion, I once had a battle with a down pinger to see if there really was someone there doing this intentionally. As soon as this person down pinged with 5000 shares, I up pinged with 5000 shares, we did this about 7 or 8 times over the course of 15 minutes.
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