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Tuesday, June 07, 2011 10:58:48 AM
I have been trading for 20+ years and never ever ever ever bought a penny stock. Am I a genius-NO do I have a crystal ball-NO, so here it is:: Since I have been trading so long I can offer you this for a fact--- I have SEEN this a million times before. I have seen this with large caps-mid caps-ect. So what does that do for you? Simple I know why and how this will play out, so I can pass it along to you!!!
Now look the MM,s just let the ask run up to .0033 with 5,000 share spreads, now they sell 1 million plus at .0033 for a 4 point gain, and guess what??? Yes, they do it all over again!!! Thats why I said, save yourself the pain and heartburn and just turn it OFF!!!!!!! It's not going to end anytime soon, unless a big buyer comes in and gets all the shares out of the MM's hands. Plus people need to stop selling to them, but most of those sale trades were their own to lower the prices. They have unlimited trades (they pay one fee for unlimited trades a month) and have 10 different accounts, so they buy and sell to themselves to manipulate the price!
You all need to understand alot of those huge trades were from one of their accounts to another in the form of a ghost trade!
PLEASE RELAX EVERYONE I KNOW WHAT I'M TALKING ABOUT. THUS IS HAPPENING TO $NOG AS WE SPEAK, AND THAT STOCK SELLS FOR $18
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