Replies to post #15601 on Grapefruit USA Inc (GPFT)

[BamaStang]

I think the MM's are getting us from behind and not even being courteous enough to give us a reach-around!!

Actually, I think we are seeing a lot of panic sellers, and some MM manipulation. They do know what they are doing. They are trying to keep the price down as low as possible, at the same time grabbing up shares cheap, so when the FDA approval comes, they can just sit back and let it run as high as possible, selling all the way up and making a boat load of money in the process.

I feel that once the MM's get all they want, they may relax and let the price go up, then if no news, they will do the same thing and let it drop. Think about it, the amount of shares they are moving, each trade can net them $300-500 every minute or two..

Think about it.. if they buy 10,000 shares @.46, let it run up in a minute to $.49 and sell that is roughly a $300 gain. Do that every few minutes, and you make a killing.

I know I would love to be paid $300 a minute!


GLTA!! HANG IN THERE LONGS!!!

[magellan42]

i have that feeling and it grows by the day. i have faith in the dominion, but i wasn't expecting such a tumble after resubmission. its been too many down days and it has been making me feel uneasy to say the least. i am in it for the long haul though and will not sell my shares until it has been approved. i'm willing to go down with the ship if that happens, but sooner or later, we have to hear something. the waiting is the hardest part.

[SonomaWest]

Patience is the key. I sold at .35 several months ago and two days later it went to .60. I'm back in now and waiting for good news that could come any time. Its over a month since last submission so we are due to hear back from FDA any time.

GLTA

[Dr. Mugs]

i feel we are getting played by the market makers taking advantage of the nervousness of investors. they are looking to take out all the stop loss orders they see. the price of this stock is going down because the mm's are buying and accumulatiing so they can start selling when fda approves. the share price going down now right before fda approval is a gift. i will buy on all dips and will not sell till dean sells the dvis which i believe will happen very shortly after approval. i feel it will be paid in cash and stock. might sell for 8-10pps or just maybe the market will send it higher.