jrdig
I am surprised that the retailer share count is not a lot higher to be honest. I thought we would account for 15 million shares or more just by ourselves. By looking at the Posts it is not hard to see that we have lost some previous faithful traders to the MM games.
If the tradeable float is indeed 30 to 35 millon shares then there appears to be enough shares for them to play games with by trading back and forth and hammering the bid to shake the weak traders out.
In a way I see this as good news. There is a lump of tradeable shares that is owned by someone? My take is the MM's have ben accumulating on the cheap and will continue to do so only as long as they can shake out the last of the impatient traders. I will admit that it is not easy to hold a stock that goes down like this. However, it was a similar type of scenario when I was able to load up with shares at $.004 and $.005 all not that long ago and then watched the MM's let the stock go and then the daytraders were all over this puppy pushing it up above $.05.
I will be curious to see if we have many more weigh in with how many shares they own to see if this count goes up much further?
Thank you to ced for his honesty of selling out. At each stage we have wondered where some of the sold shares have come from and we have had several posters honestly share that they had sold out. At this stage I am not even convinced anymore that there is a ton of shortng gong on. Could just be the MM's playing with the pool of tradeable shares and accumulating cheap sheares everytime they can shake someone else out. The reason I like it is these same greedy MM's can turn on a dime once they control the majority of the tradeable float and take it back up without notice. I wonder if thatscenario occurs that we will then see the MM's encouraging a few posters to appear posting all sorts of rosey stuff like the stock is going above $1.00? lol. Games, and more games.
Hanging tough.
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