"WHY IS THE PPS (PRICE PER SHARE)NOT MOVING UP?"
Here is my answer (others may view it differently):
No diluting; MM-NITE have been manipulating/shorting; Impatience players; weak souls; too many 1s-2s flipping.
Example (of today or any days in the second half of last week): NITE shorted at 4s; One to two players jumped in and were expecting the stock to move up...right when the 5s show up, NITE shorted again at 4s (bid side)...At the same time a few long would be impatience n became weak (so what happened? They would stack on the ask & gave more strength to NITE).
Now, back to $.0003x.0004; when no one decide to sell n no one is willing to buy on the ask, NITE would take the opportunity n would short on the bid (stalling is an oppt. for this MM). The new buyers would then try to flip for a little profit (further feeding NITE's cycle of manipulating n shorting).
* Not to mention, daytraders jumping in/out at the same PPS level...causing an increase in trading vol; but the PPS wouldn't move up...Thus giving some of us more 'frustration'~
Guys, if you want this to move up, then demand a higher PPS~ We broke & won NITE at so many diff. levels or resistances: 2s, 3, 4s, 5s, 6s...We could do it again n better!
- Go SBRH