I could be wrong here, but, I think people were buying at the ask, they just bought during a dip, which helped bring EIGH back up towards where it opened.
I cant speak for everyone, but as far as where they find the funds to buy during a dip, I know I dont like to buy less than 1000 shares at a time, so if I dont have enough $ to buy 1000 shares at .11 but then it drops to .081 I will buy the shares while I can before it goes back up.
The trick is to buy and try not to worry about someone getting a better deal. Someone will almost always get a better deal in the very short term. The MM's don't care who gets it cheaper than the other guy/gal. The real win is in the float lock up. So when the pps is $1+ you will look back on the $0.02 or $0.3 difference and have a laugh about how much it bothered you back then. There are inevitably people here that are just trying to trade (Flip) for their own benefit only. Some may even post about it. In the end all that matters is that EIGH is a MONK pick and their is an incredible amount of support and resilience here. Most pinks would have collapsed this morning under that much pressure from the MM's. So while a few lucky people got their shares on the cheap today, there are poeople who will feel the same way about how cheap you got your shares very shortly. Hope that helps. GL
If you follow the Monk Den, the method behind Monk's madness is genius. His monkinars train individuals to make a living for themselves by daytrading ETFs through his techniques. The profits earned by trading these ETFs are then funneled into his lock down picks. Consistently able to add more funds, locking up floats, and driving the PPS high, forcing MMs to cover. The more people Monk gets to back up his method, the more of a trading force we can become.
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