not sure how that was profit taking. i think it is MMs just shaking things up or someone from momo still has shares to dump. sellers over past 2 days weren't buying much lower than .023.....
I think the company is the seller to raise cash.. Every share the company sells is 100 % profit for the company.
If the company sells 500 million shares at an average of 3 cents per share, that is a COOL $ 15 Million.. Easy Money for the company.. LHPT/WRNW have done this twice before.. To me it looks like a repeat performance.. Probably much harder to make $15 million of pure profit by pumping oil.
I thnk what is important right now is the trend, not day to day trading. I would worry if after a few more weeks we are trending down or flat, but I imo do not think that will be the case