Problem is, when I bought there was 17 million bid .0007 x 2.8 mil ask .0008 and I bought up the whole ask, then bids started coming in a little while later totaling 5.5 million .0008, then exactly 2.8 mil got dumped into the bid @.0008.
In other words they were attempting to sell 2.8 million shares before I even put in an order. So they weren't shorting to fill my order. They were shorting before I even tried to order. I bought their shorted shares, then they used my shares to short it again into the bid. Why? Because they shorted the hell out of this thing at .0008 and as long as the bid is .0008 they are gonna have a heck of a time covering even for $0 profit. So they just keep trying to crash the bid and take it to .0007. Guess they didn't notice there was 17 million on the bid @.0007. Good luck getting filled there!
FYI, I see a few groups are jumping in tomorrow and it's on the watchlist of one of the largest trading rooms I know. We're talking 1200 members. People who routinely drop anywhere from $5k-500k each in $1+ plays or $1k-20k each in quad plays. If we see .001 maybe even .0009 on the bid volume will come rushing in and we could easily see 100-200mil volume days if the shares are available. It's gonna be a wild ride this week. :)
