I gotta admit I don't like this action a bit with a high volume day down big and closing at the low. Is there any reason not to expect lower? Into the 1s or even low 1s?
Manipulation for accumulation is our only hope; otherwise I'm seeing a big holder taking advantage of the volume and bids to dump. The way we broke to new highs yesterday (where I got suckered in @ .0059) and then immediately sold off huge? Only to minibounce then continue down?
What's the opposite of blue sky breakout? LOL. Hoping for a miracle here, that's all there is to say.
In this worst case scenario, the seller relents in the low-mid .001s where the stock was sleeping, and the best I'd hope for there is a technical DCB to maybe .003
Hope I'm wrong and MMs are jockeying for shares, pulling out every trick in the book.
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