Saturday, February 22, 2014 4:57:18 PM
FFFC -- this is going to look beautiful. debt holders loaded the bottom and sold in the .004 range, then bears showed up...
then we saw tons of churning in the .002s, including one ask-slap at .0025 for 80M shares. i've seen numerous other buys for 10M, 15M, etc.
while the pps is low, meaning a lower VWAP, debt holders are converting tons of stock. that's how debt holders "buy". they get oodles of cheap shares from the transfer agent.
the next step is for the bears to go silent, while the news continues and the pps skyrockets.
my only question is "where will the debt holders unload next, before the process repeats?"
if they unload at .01, expect a retrace to .005 support, more outrage from bears, more churning, more converting, more naked shorting to keep it down, then maybe a HUGE MOVE into a .02 test after that.
during rallies, debt holders will kite shares back and forth to each other and create massive upward momentum. retail traders caught in that situation will be like farts in a hurricane.
what retail people choose to do with stocks like this is immaterial. "bid support", "pressure on the ask", "telling the CEO to be more responsive" -- none of it matters.
this is just the debt holder game. played out again and again, all over pennyland.
play the game and WIN.
goooo, FFFC.
then we saw tons of churning in the .002s, including one ask-slap at .0025 for 80M shares. i've seen numerous other buys for 10M, 15M, etc.
while the pps is low, meaning a lower VWAP, debt holders are converting tons of stock. that's how debt holders "buy". they get oodles of cheap shares from the transfer agent.
the next step is for the bears to go silent, while the news continues and the pps skyrockets.
my only question is "where will the debt holders unload next, before the process repeats?"
if they unload at .01, expect a retrace to .005 support, more outrage from bears, more churning, more converting, more naked shorting to keep it down, then maybe a HUGE MOVE into a .02 test after that.
during rallies, debt holders will kite shares back and forth to each other and create massive upward momentum. retail traders caught in that situation will be like farts in a hurricane.
what retail people choose to do with stocks like this is immaterial. "bid support", "pressure on the ask", "telling the CEO to be more responsive" -- none of it matters.
this is just the debt holder game. played out again and again, all over pennyland.
play the game and WIN.
goooo, FFFC.
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