My apologies for the error, we did see $.80 before! But my point does not change. We have nothing but good news recently, including more good news expected and our feasibility study, yet the stock still pushes through resistance on little or no volume, and today it is made to look like lots of volume trading lower.
Perhaps a market maker is at work here and no matter what, things will be the way they are meant to be no matter how much money they have to lose to do it!
Using your logic the price would never go down or up. "Why sell below yesterdays price?" Then why buy above yesterdays price?
There are endless reasons people have for buying and selling, too many to think of. Thousands of people hold shares and have their own life circumstances. Someone may have warrants to exercise before expiration at a much cheaper price but they don't want to put any additional capital into the investment. They sell shares to pay for the exercise. What if someone just gave you a stock tip and you need to sell to buy something else? People who filed extensions for their tax returns in the U.S. need to settle up soon. Maybe they are taking profits for some reason. Maybe they bought at $1.40 and are taking losses to reduce their tax burden. You really never know.
The stock boogeyman resides on many Ihub boards, but he isn't real, usually.
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