i have a feeling that most of these trades, actually, probably 70% of the trades in CBAI since 2009 have been between MM's rather than the individual investor, the MM's have been walking this down (yes dilution plays a big role) but at under $.0040, I still thing CBAI is undervalued in terms of Market Cap
I was looking at the price action since the RS 500M trade session, and notice that two times so far, there have been back to back exact share counts for two trading sessions in a row. that is not individual investors buying or selling, that is one MM buying or selling to another MM.
2/18/2011 0.003 0.0031 0.0029 0.003 15419630 0.003 $46,258.89
2/21/2011 0.003 0.003 0.0001 0.003 15419630 0.003 $46,258.89
4/21/2011 0.0021 0.0021 0.002 0.0021 7642398 0.0021 $16,049.04
4/22/2011 0.0021 0.0021 0.0001 0.0021 7642398 0.0021 $16,049.04
total volume since RS announcement (500M share session not included)
2,223,547,411 shares
avg pps 0.002333333
approx $ value $5,282,883.79
with such "negative sentiment" that proves to me that retail investors have not been trading what so ever, I have been buying, but there is no way that retail investors are making up this amount of volume
39,009,603 = avg daily volume since 500M session
the MM's are going to win big, are you?? I am!
