Most of the times someone bought a big volume of shares in the bid, another one sold 100-5000 shares in the ask immediately afterwarts.
It is not new, though it was never that obvious.
It all started the day that the stock price was rising to 0.015 and then suddenly - in the last two trading hours - dropped to 0.095 on a trading volume of less than 20% of that days' volume.
The stock has been shorted and is shorted.
People are afraid of buying shares, because of all the negativists on almost every messageboard (yahoo, ihub, ...).
So who is buying the big volumes nowadays?
Daytraders, amateur shorts (thinking they can short it down more), longs (like me) and ...
...Indeed: the company itself
--> no news for more than a month (until this week)
--> pps went down from 0.06 to 0.0006 (: 100) without a significant reason.
--> So if this stock is worth a lot more than the current price, than it is more than logical that the companie is buying back their own shares for peanuts.
Next week events:
-- 9 April court case
-- other significant PR to be released before Friday 9th?
-- professional shorts covering their position, or maybe they already did on Wednesday and Thursday?
-- day traders selling and buying at higher pps?
-- MM's changing plan: buying instead of selling?
-- short squeeze above 0.0022?
Well, well, well amateurs shorts: if I were in your position I wouldn't be able to sleep this weekend...
I am holding + 2,500,000 shares now (+ dividends)
You need my shares to cover? Try at 0.12 dollar/share (OTC Tier I)
