All American Pet Company Inc (AAPT)

[R2macD2]

For people who think dilution is happening.. read

Todays trading is what they call "cat bounce" then the downtrend will continue.

That is clearly YOUR opinion .. which is fine.

But I disagree completely.

Here is what I see
http://stockcharts.com/h-sc/ui?s=AAPT&p=D&yr=0&mn=6&dy=0&id=p80435612744

Looks like a bottom has been placed around .018 (we will have confirmation on the bounce monday)


And the technical on that chart are trending up.

What MOST LIKELY happened is someone who had millions of shares under a penny wants to take profit and sold them.


I remember before the recent decrease in price someone kept flashing 7 million shares on the ASK. I feel confident that that seller got tired of waiting on the ask.. and sold his shares (for profit) the last few days driving the price down.


Additionally, none of the recent selling came from the nasty MM
the
VERT
PERT
VFIN
BKRT

those guys are notorious for diluting


The selling was done through auto and nite which is retail more times than not.




All of that said it seems more Plausible that the selling is a temp price correction because of a profit take and not a 'dead cat bounce' as the long term upwards trend is still in tact.

All IMO of course