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Monday, October 08, 2012 12:58:01 PM
I doubt that there are that many shares for you to have under .002. I only see NITE at .0016 showing 5000 as he has been playing this game. Once real sizable buyer coming, he doesn't have shares .. CSTI had to come and help.
There are a lot of games going on and I think it's MMs doing. I would think under $1000 would clear that .0016 and push us back to .0022 So this is just a game when no buying pressure. MMs and some shortie groups are buying time.
ALSO, don't forget that when a stock is trading low volume like this, it's easy to manipulate.
How?
Someone(a long) who wants cheap shares from the weaks could put in bids and use his shares to hit the bid himself to create illusion that the stock is tanking. That will get sellers who do not know better to sell into him.
This tactic can be done in group. This can also be done by MMs. It works extremely well with stocks with low volume and such. Flippers also do this too but accompanied by bashing.
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