Bag8ger, from what I've learned is that either one or a group of them will buy in blocks triggering huge volumes. They usually buy in on proposed news releases. With an unsual large volumes, it will trigger alerts on day traders screen. Then day traders, looking at charts thinking its a good technical play will buy in fueling the momo. Once it starts to run, regular investors seeing a PR will think that something huge is going to happen and buy in thus fueling the momo even more. This is when the traders who initiated the run sell into it, and then day traders get out also. So now the regular investors lose their initial investment and get mad.
People need to know some people day trade penny stocks as a living. A few days ago CBPC was on a run too with a PR that came out, and now it dropped back down. During this whole week, I had my order in at .006 and refused to pay more because the run was not sustainable unless some PR came out. Most long term holders should know that today was just a presentation and that no new development will have been put out cause it would of been PR. Those investors who bought in based on today's presentation probably got burned. Like I said, I rather have slow steady climb based on the business than huge up/down swings. I am not a "trader" but an "investor".
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