No driver.lets not be foolish here. Every stock is pumped
No driver.lets not be foolish here. Every stock is pumped and dumped.to some degree. good stocks have a force behind them, they dont just happen or fall out of the sky. there is a machine (,wall street) that makes things go.Being on the pink sheets we dont have any brokerage houses pushing NNLX(Pump and dump) to thier best clients. They are not allowed to.The brokarge houses have no skin in the game no IPO offering no Insentives for hungry brokers .Large powerfull rich people or firms will have to get in and get thiers before we do and that takes a set-up. Thats not yet in place but could be soon.There is no money to be made for anyone right now with the number of shares outstanding and the light volume. Ive had pink sheet stocks go on and do wondeful for me . but this one was not properly set up.The market maker today had almost 200,000 shares that he was willing to buy at .03 I dont think i have ever seen a bid size anywhere near that( unless the quote was wrong for most of the day).
Maybe he was just restocking his own account? that large 600,000 blip today didnt even phaze the price. market makers dont get fooled if something happens they dont like they just suspend trading. we are stuck here untill larger volumes are garunteed to all the big money players that really make thing go. Reporting could be important or all the shares will just get bought up in dark market.(can you say 600,000) without price change.
Every stock is somebodys baby, and every stock is always trading at its correct price, or will soon correct. efficient market theory. I bought a stok yesterday LITH, Its been up over 400 percent since last nov. they are supposed to produse? Respitory masks 6 months ago they were a pot manufactor. how do you smoke a good joint with a respitory mask ?
Can you say (pump and dump) Thanks
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