Alto Group Holdings Inc fka ALTO

[iKauai]

Yes, I know many penny stocks dump often...but if that many shares were dumped into the float in just a few days we would be down quite a bit already. But please take a close look at the chart, the last 4 days have held quite well (especially considering the rise it took right before then from .01!!).

In fact, the last 3 days have had 3 consecutive higher lows than the day before after the gap closed on the 6th. Yeah, I would be very concerned if the PPS already dropped close to or at the levels where it started from, but it has held remarkably well after that initial run - which btw IMO is very strong for most pennystocks considering the ratio of traders vs investors down here.

So again, considering all the "facts" about the trading lately, I do not think a lot of shares have hit the float. I think some are just mad they didn't make 100s of %s ROI day after day after day. And today it went down a whopping 10% (seriously?) after 3 green days! Should I be shocked and believe stocks go in straight lines all of a sudden?!

In short, it's called consolidation, so let's not avoid talking about other things that might be affecting trading recently either, shall we?