Figure there will be some eyes on this one over the weekend due to the negative price action. Hopefully, this will lead to some new investors taking note of what is going on here.
Yeah only 5M volume to drop it from .055 to .025 and it took 15 mil to go from .035-.065. I think the dump is far from over. It really depende on if the bag holders are "average downers" or " take your lossers" People also know they can dump now and buy again before the end of the year. They get the tax write off for the loss and if they reload in December they can have long term capital gains next year if the PPS increases.
Saying it was only 5 mil to drop it is only saying there is another 10M out there to be dumped. IMO the downtrend will continue for a couple days. I think the .014 bottom will be broken before the EOY
At this point the only thing that can save the PPS drop is a spin out PR or the deal to close Monday. I dont see either happening so the PPS should continue to correct back to where is was before the "Big news" was anticipated.
I also think some longs will bail out if the deal is finalized with china in control. Once they are in control they can just sit on it and do nothing if they want. We have no clue what the Chinese states intention is for buying up mines.
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