Sells are way over buys today & yesterday.
I would argue at least some of the reason we are where we are at is b/c it has always been where we're at. We go up a few cents & everyone sells b/c they know everyone is going to sell & they can buy it back in a few days for a few cents cheaper.
Wash, rinse, repeat. It doesn't break .06/.07 b/c people KNOW it won't, so they sell high & buy back low.
I think that's it in part, at least. Why many sold at .04 today...IDK, impatience? One has to have the money to commit to wait. 500k shares at, say, .04, that's $20 grand. To many of us, that's a chunk of change to just leave laying around, waiting for magic to happen. Not everyone got in at .01's & .02's.
IDK. I'm still a little salty price didn't jump some after the 55% share cancelation. It didn't surprise me, but it certainly irked me.
I think we get out of this .04 to .06 to .04 to .06 paradigm when we BOTH get solid, positive news AND we break .07/.08. Until then, I would settle in with seriously undervalued shares.
One squirrel's opinion.
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