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tchalla

11/03/16 11:45 AM

#3016 RE: Newbie1616 #3003

well, if you didn't average down and sell today, you will probably never get out of wwth. it's a dead company with zero operations and zero business. this was a well orchestrated pump and dump by a group of stock manipulators who created phantom volume and interest on the ask to lure buyers at the ask, so they could dump on the ask. that is why there is no bid support. a true and legit run has both bid support and ask slappage. this only had ask slappage. it's a very old and known method to manipulate a stock's price. you just need enough people to collectively buy small batches on the ask, to give appearance of a run and buying pressure. then, you pump while you dump on the ask. you never really bid the stock, because you are only trying to sell at higher and higher prices on the ask. then you dump the small batches that you bought on the ask, on the bid and leave the stock. that is the method. that is classic stock manipulation for a pump and dump. it doesn't always work, but i have seen it in action enough times to recognize it on the trading tape. that is what happened with wwth today. buyer beware.