We were coming up on the .0012 ...
And you know why we dropped down that way. It was being played by this formal long who is now bashing the stock. He admitted that he sold 20 million shares using market order. I guess he wanted to lock in 30 to 50% gain today.
Once he did that, 20 millions, at bid; panic selling sat in and drew out another 18 millions to sell at bid.
But during all those mass, 22 million bought. Should 18 or 20 more millions bought, it would be back up to .0014 x .0015
The person did it around 3 pm. So I guess this is just like yesterday after the conversion shares were done.
It's a game and some are flipping for 25 to 50% gain. But many are holding much higher.
Are you surprise that with that kind of attack, we are really didn't go down as much as we would with other stocks? That's because some parties are buying them like hot cake. I wonder who that is. Maybe the insiders? :)
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