As painful as today was to watch, it was also a necessary evil. When a stock moves from low trips to a high of .0032 in the matter of a couple of days, consolidation was healthy and needed. The extremely high volume was a combination of MMs trying to drive the price lower to cover their shorts from past days action and probably a large amount of holders selling everything they owned for a real nice profit on the high end and many probably already rebought them all at a cheaper price today. Today also cooled the chart as well giving us room now to rebound nicely from these lows. Tomorrow we'll be just fine with solid volume again but with many more buys than sells and we will be back over .002 in no time. As they say, volume before price.....
PokerStar
News 
Market Data 
Discover 
AI
