8000 Incorporated (EIGH)

[HimAgain]

Since I am still new to this game and past the point of choosing sides, can someone who knows the game please explain this to me. The entire time that this stock was coming down, certain posters were stating that the company is a scam. Since I know nothing about the integrity of the company or the posters, I had to rely on the chart and level 2. This is what has confused me....

If the company was dumping shares then why were there on 3 huge volume days in the run from .08 to .44? On the green days I noticed on level 2 that almost every decent buy caused an uptick to the next ASK price and sometimes the price gapped. On the declining days, I noticed that even with heavy buying at the ask, the PPS stick downticked. There were times when I placed a sell order at the bid and nothing happened. Buys still came in but my order never filled. But after the buys came in, the PPS would downtick again past what my order was. This seemed to happen a lot after the run up to .44.

Some state that this fall in price was all on the company. Is it possible for the company to manipulate the daily transactions that I see going on in Level 2? Does the company have enough access to market transactions that they can force NITE and other MM's to lower the PPS even when higher buys are coming in? And if the company dumped shares to bring the price down before they announced the news, then wouldn't there be more volume on the red days? I was taught that high volume red days are bad and low volume red days are expected. Which is true and how did this particular incident manage to defy the charts and all so called rules and indicators put in place by chartists?

Someone enlighten me...