Friday, July 15, 2011 11:11:06 AM
I just sold 80,000 shares at the bid for .018 while the bid was at 78,200 (.018) and ask at 50,000 (.0185). The sale took place at .0183 and there was no movement at the bid or ask. I thought MM's were supposed to show their true hands with the new rules. its obvious they are not. Can someone explain why is this.
I just sold today because their seems to be too much resistance on the stock. There are strong hands hold this up but MM's holding it down and seems they are not afraid to.
With the whale at .019, VFIN going back to .02, and today being Friday (bad day to hold stocks in PINKS). I will just wait until we get over .021 to feel confident enough to buy back in. After .021 I feel it may run but with MM's holding it down, no news, and no new buyers I think I am better off on the sidelines for now. If it pops then I lose a few $$$ but will get back in. If people lose patience then we are headed back to .013 or less and I will pick up some more there again. This is my third flip, although I am nervous on the sidelines now atleast I am nervous wish cash.
GLTA!!!
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