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Re: cosmoworld7 post# 6007

Friday, 07/23/2010 4:32:43 PM

Friday, July 23, 2010 4:32:43 PM

Post# of 26968
Nobody knows any real REASON based on the company or fundamentals. All we know is the drop was caused by massive volumes of selling. Perhaps insider information. The support was there to possibly take this way over .003 today, but then people sold right through it and started selling in the multi-millions through one support level after the other. A high-volume panic.

Then in the last 2 hours, a 60% run happened. However, since the run didn't consist of enough volume and since all the support levels had been destroyed earlier in the day, it fell back down quickly.

Personally I think the EOD run was an orchestrated manipulation - the way all the MMs were moving.