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Alias Born | 06/16/2004 |
Tuesday, July 09, 2013 8:43:19 PM
1) - New shares entering the market (remember this is an OTC BB stock and they do release shares from time to time!)
2) - Market makers and traders are shorting the stock (yes regular folks like you and I can short stocks through brokers if you choose the right ones and have the right priviledges!)
It's actually good if some of the volume is being shorted at the .05 resistance because it creates liquidity in the stock and if they are smart market participants, they will bank about 15-18% by covering towards the 50 day moving average.
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