I remember when it dropped to .25 we all thought that was the bottom, then I thought it would never bottom lower than .19 and when it recently broke thru .14 I thought .10 I'll bet anything we see the downtrend continue with july 7s & 8s.
Here's why, Cbis,Mjna,Kndr all share one thing in common even if they say their not connected very much.
They all share the same chart downtrend to the T.
I think somebody has alot of shares in all 3 companies and has been dumping everyday for months.
Combined with the daily shorters which I think is 40 strong who think they can make 15 to 450 per day playing the spread, for example: today they got in at 1010 and would love 1115, their in at Mj at .78 would love .105 and so on.
Then theirs people who have lost 50% since Feburary their selling their shares and are really pissed that they held them since .38
Then theirs the company dealing with massive shares to offset other financial crap.
The theirs the Kubby thing: Who knows what that gang is up to.
And theirs the poor old company itself. Raped daily all three
I don't think well ever see .12 again
Who wants to feed them at even .11
They will just keep selling even if nobody buys 1 share.
any celabrating here, the go cbisers are shorters having a high volume day and bluffing and the newbies are buying it.
the reason the volume increases while the price goes down is because the shorts just increase their share stratagy. they short the .0001 to .0002 by the billions. watch for million per day volumes in July.
The selling isn't the price: they have so many shares there just trying to upset and get the best daily price what ever it is. This is why people are baffeled at the short data everyday.
Hey I've been wrong before any chart experts out there?
good luck and sorry if I broke any hearts.
AI
