Wednesday, June 27, 2012 4:36:53 PM
I don't know what caused it either but if I had to guess, someone may have leaked some Q-2 results.
The day's loss of 9% was insignificant as the stock was bouncing around between .010 and .011 on large trades. The trend however was down toward .010.
Perhaps the most disturbing thing for those expecting some positive results from the new website display is the fact that shortly before the closing bell there were more than a million shares for sale at .010. Coupled with today's trades, it appears there is at least a momentary orderly stroll to the exits.
While I have been predicting that recent MM signal trades forecasted an increase in trading activity, I too was surprised by today's quite significant volume.
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident. - Arthur Schopenhauer (1788-1860)
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