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Dragonite Intl DGTL
Posted On: 10/03/2012 6:40:33 PM
Post# of 22
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Posted By: EliteYoda

And with a $20 trade, you too can push DGTLF anywhere you want on any given day, the volume is so enemic. LOL


4,000 shares traded today at $0.005 for a grand total of a whopping $20 to pull the stock down 28%. What a joke.


The HK 329 is trading at about 8 cents HKD so with the exchange rate that is about 1 cent for DGTLF, however, ever since the HK 329 reverse split 1:5, the DGTLF never did properly R/S. This means fair price for DGTLF right now is actually $0.05 per share. Even my brokerage in the last few days has placed a small annotation on the ticker noting that the price shown is not the correct price.


Not sure who is fooling with the ticker but since there is no volume hardly ever and every single buy transaction has been met with a short sale (look at www.shortvolume.com for the entire life of this stock) it is apparent that there is some market participant behind the curtain of this grey sheets stock pulling the strings, so it seems rather easy to just print whatever price and volume one wishes in this iliquid ticker.














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