Creative Edge Nutrition Inc (FITX)

[dog turd cannon]

Answer to your question:

A warning you are not going to like this.

Say there are 100 shares in the float and you own 40. Of that 40, 10 you flip on a daily basis so the total available shares is 60.

Now, let's say one day you decide to sell 30 shares. That is an increase of the total number of shares available from 60 to 80. That will drop the stock 30% just on supply increase. Now let's say you also short 10 shares (which you can safely do because you still have 10 in the bank). Now there is an apparent 90 shares which is a 50% increase. Through in that at -10% most stop losses trigger and you have your 50 - 60 % 10 minute drop.

Now, you may ask why a stock would fall like this? Wouldn't there be an increased demand? The answer is not if the stock as no inherent value. I.e. as long as no large investors are accruing and holding there is no risk of losing.

Since, you (who are MM in this situation) know when this is going to happen you can put in buy orders early in the day and guarantee you will return your 30 shares and cover the 10 short.

FITX currently @ 3.5billion shares has a book value of -0.4 cents. I.e. it is worthless. It only has value because (a) the hype and (b) the MM's completely control the number of shares on the market.

Now, you stated it "came out of nowhere". No it didn't. It started before noon. The MMs restricted the ability to sell and slowly moved the stock up. This is easy if you have most of the shares... look at the graph for FIT. You will see an hour and a half of nice flat slight upward trend. That was the setup...

If you go check my posts from Monday of this week you will see I was talking about a collapse coming on W/T...

Here you can see the volume of shares held by just 4 MM's.

http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=fitx&SortBy=volume&Month=12-1-2013&IMAGE1.x=0&IMAGE1.y=0

A lot of people talk about shorts... but those people don't know anything about the penny market. These markets are all about liquidity.