Depends on how you interpret the information. I don't do price predictions. Only past and current observations. Look at the volume. Went down 20% on 100k only. Price was walked down on tiny bid hits and retail got shaken out. BKRT on ask forced it down and it's made new lows as a result. The shorting and covering on SOLS couldn't be any more obvious, imo.
All the old SOLS losers are obviously still watching it and waiting for a revenge play opportunity since they appear to be the only ones posting here other than the compensated one. I don't play promoted tickers but I will sell any OTC ticker I'm in the very day a promotion starts in it for this very reason. Big cash promos (especially 3rd party ones) attract the shorts. When this stock was not being promoted, it was holding .40 PPS on as little as 12k volume so what does that tell you?
Promoter gets paid $300,000 cash via bank wire transfer from a 3rd party to "promote" SOLS and the very next day it trades over 1 million dollars total volume, then sinks to newer lows the following day. Either that party has a large position to liquidate on an otherwise illiquid stock, is shorting the stock or both. I think it's funny how the one measly $4,000 dollar compensated promoter gets blamed for the price action while the 300k elephant in the room gets ignored.
I honestly don't know why people continue to buy the 3rd party promos, imo. I prefer to wait until after the promo players are done and the shorts cover. Then buy the distressed shares post liquidation.
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