InvestorsHub Logo
Followers 4
Posts 443
Boards Moderated 0
Alias Born 01/22/2011

Re: None

Thursday, 01/27/2011 3:23:05 PM

Thursday, January 27, 2011 3:23:05 PM

Post# of 19980
Anything sold in 100k packets is normally not retail and is usually used as a ploy by short-selling MMs to make the chart creep down and make people want to sell before it tanks...as you noticed there were a lot of people who fell for it and quickly sold out or had their stop-loss triggers fire (dumbest thing ever in a penny stock) which makes it look like it is crap when in fact there MMs are simply going to buy it back when it gets low again and attempt the same thing.

If it gets bumped up they will start having to buy back at ask and it will go back to where it should be.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.