Good morning everyone:
Thinking about EGIL trading volume.
At 0930hrs I have an order filled to purchase 5000 shares. Price looking at the charts will go up .01. So say from .20 to .21 5% increase. Ya'll with me?
1000hrs I sell the same 5000 shares, price now down .01 back to .20.
Every hour this is repeated.
At 1530hrs there will have been a total 70,000 shares of volume and the price is the same as when the day opened at 0930.
Hell you could even do this multiple times driving the volume up to a couple of hundred thousand shares traded. Looks like some major action, maybe some news?????? Thus causing small 15% and 20% increase to try and get some newbies to take the bait. Like a couple of days ago. We had one guy ask, Is this a pump and dump or a real go long term investment?
Nitro, Fedex11 and everyone else have a safe and productive weekend.
Later,
bpk
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