Yeah, AU, that was a weird attack of the giant robo traders. I saw the strange action early on with a handful of pennies I was not involved in and went live on my platform watching probably the first couple of days. Then so many zombies, dormant and dead started trading thousands of mini trades like 40 at a time per sec. This was across all brokers of course.
I've only seen manipulations like that with paid campaigns years ago, but this was a ton of zombies going off at the same time. It rose and peaked in two weeks then slowly faded from sub penny and I saw the flow go into the higher exchanges.
It looked like to me a group, maybe the same who trashed amc and other bigger names maybe robinhood wondered if they could do that to subbies and did an experiment. From .00001 to almost 3 cents was gigantic when you bought and owned 100K of a zombie @ .0001 and all of a sudden you can sell it for a well over a penny.
I sold blackout at the high and made like 1000%, something I've never made before in days, let alone years. I moved out 13 zombie stocks I've held or forgotten about. About 6 months before I think scottrade was selling out to TD Ameritrade and they sent me letters about taking a bunch of my stock because they claimed they were worthless and taking space and funds or whatever. They pulled two off my account, I got nothing and charged me a fee. Then I sent them letters (like I had any kind of influence lol) and told them I was going to sue them if they took another stock because almost all my stock still was listing the SOS's and had bids.
They actually stopped. 5 of those they wanted to take were in the groups that started trading up into the pennies. They take your stock you paid for, I don't believe it just goes away. At the very least I believe brokers sell dead stock off to some clearing houses.
Have a safe New Years.
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