The volume speaks...well volumes haha.
Normally, since nothing is really "normal" when speaking about penny stocks, you don't trade this much of the float and then just collapse and die off for years again. Someone/group has been loading and the way these trips have been running lately, I'd rather hold and stay a bag holder who can use the potential loss to write off future gains, than to miss a run to half a penny.
SANP took 3 weeks to eat through the float. On that 3rd week it hit .0006 but closed at .0003. The week after it hit .0012, and the week after it hit .0035.
BLSP took about 5 weeks to eat through the float. On that 5th week it closed at .00055 with a high of .0006. The next week, it hit .0067.
HBRM took 3 weeks to eat through the float. On that 3rd week it closed at .0007. Then 2 weeks later it hits .007.
Number of shares in the Public Float: 3,418,313,166 as of March 31, 2020
We traded 2.2B last week, and if you wanna count the 500M shares traded a few weeks ago, we are very close to seeing a controlled float. And when that happens, it'll get thin and when it gets thin, people will follow the money and the momentum.
Again, might not hit that .0035 or .007, but I have to think we're going to see higher than .0006 based on how things have been trading, and how much of the float was already churned.
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