I'm seeing a ton of calls for teens and lower .20s PPS, which I find absurd. I subscribe to Watt's theory of just regressing back to the mean (mid .20s), based on no substantive news (good or bad). I might be proven wrong, but I believe this was a head fake and we will be getting some news of substance soon. I don't claim to be a clairvoyant and I'm sure this post will be used against me if I'm wrong, but I'm just trying to give the best perspective that I can give.
Also worth noting, that it is so easy manipulate these penny stocks, if desired. People freak out about Jason Bond/followers influence, let's talk about what the actual big boys can do. FICTIONAL SCENARIO------Imagine you had a modest $10 million at your disposal. You spend a fifth of that buying in at .40ish (5 million shares) and then can use that to drive PPS down over the course of a few days. All of a sudden you have the ability to buy 25-30 million shares around .23-.27 and then ride it back up. Fictional scenario, but this is how the "whales" make their money on Wall Street and squeeze out the "retail" investors like us. I firmly believe that a lot of people got fleeced today on their long positions, which is ultimately how the rich continue to get richer and the little guy continues to get clobbered on Wall Street.
Lastly, not that anyone wants to talk about technicals after such a devastating day, but we are set up for an extremely explosive upward move.
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