Price pinning by VNDM and friends means someone wants the cheapies
So today the stock closed below the 20 DMA for the first time since early May. In the context of that we saw someone dropping shares into bid and showing 2 million and change on ask, with VNDM shutting down late market action by walking the price down to .0211.
These are all signs of someone muscling in to frustrate small investors, and seeing all the b*tching and moaning on the board for the past several days I would say that the tactic is working.
There were a lot of folks who chased the move up, and now the big boys just have to shake those small investors out of their positions and wait for news out of Belize.
This is textbook bullying by bigger hands and I see it over and over again and instead of getting pissed, I get greedy. Apparently, I'm not the only one as there is another guy waiting at 2 cent bid for about 1.5 million shares.
My 4 cent target was hit early and didn't hold through the end of the month like I wanted. But, I'm liking my odds of the 7 cent target even better now that I see this tape. It means that we are that much closer to clearing 10 cents and onward to my long term goal of 20-30 fold return on my investment.