Hi Trader34, thanks a lot for your excellent question...
I agree with you about this current "pump and dump" run. :) Your comments are right on the mark. That is exactly IMHO what they did today when they pumped it up to .0105, then they distributed their shares that they picked up at yesterday's lows at .0030 and then most probably shorted the stock before taking it down quickly to end up only .0006.
IMVHO, these P & Ders are going to continue to play these tricks all the way up to successively higher resistance levels, e.g., .0244 and .0308 as part of their day-to-day and ID (intraday) standard merchandising operations procedures. Therefore I will sell based on the TA not the potential promise of the FA. All of my comments are solely intended for educational sharing and are not meant to be considered as trading or investment advice.
I sold my first set of AAPT shares for a 400% profit based solely on my TA work even though I liked and still like the AAPT FA very much. If I hadn't sold those shares based on my TA work and just only followed the AAPT FA I would have lost at least 90% of my profit! :)
Have a great and successful day. :)
Bob
