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03/21/12 9:10 PM

#1841 RE: GCD1111 #1840

I agree but the only issue I have with that is it was a sell not a buy. Yes I know a sell is a buy to someone, but it really matters who sold.
If it was bought by someone like you or me OK. But anyone who throws 12K at a penny stock does not get scared at a low. They know what they are doing and would be buying. The buyer was probably someone with experience who knows to buy at the low. It is the seller that bothers me. If it was retail then that person put well over 12k into the stock and also should not get scared enough at a low to sell.
The buying over .0028 tells me that the buyers there were suckers. They made a chart look like a run and pulled the rug out with a 10 mill dump at 30% lower then the bid at the time. That is not scared retail. It is either a MM shorting the crap out of it or dilution. If a MM shorted the 7 mil today, they expect lower. The 10 mil should be covered at this point so they are shorting it to death if they are continuing the short at .0017.
The only thing that could be a good sign is the 7 mill today could have easily been covering the 10 Mil and that would mean a run up tomorrow. Those people at .003+ are going to want out fast when the 3s come back though.
You are right we need news.
Chart does look like a mega bounce coming but we will see