Yea, many games going on down here right now. The volume is still very low and the spot price is just a joke, it means nothing. I am still accumulating. My goal is always to buy when no one else is buying and the selling looks to be done with but one can never be sure. I think its fine to wait to buy for more certainty once the filings and/or news comes out, however I just think that the stock is so thinly traded, it could print 50%+ gains in a matter of minutes on such news or developments. I would rather risk further downside than having to chase a moving target. The recent action looks like a bottom to me, but what the heck do I know, right??
Enemic volume, these are all the trades for the day, from freerealtime.com :
15:59:16 | 0.0009 | 5000 | OTO | |
15:55:18 | 0.0009 | 121473 | OTO | |
15:54:12 | 0.0009 | 28527 | OTO | |
15:49:35 | 0.0007 | 140000 | OTO | |
15:49:33 | 0.0008 | 70000 | OTO | |
15:39:52 | 0.0009 | 266677 | OTO | |
15:32:48 | 0.0009 | 350000 | OTO | |
15:24:18 | 0.0009 | 1000000 | OTO | |
12:38:43 | 0.0009 | 27700 | OTO | |
10:26:54 | 0.001 | 111000 | OTO | |
10:07:20 | 0.001 | 75000 | OTO | |
10:04:31 | 0.0009 | 44444 | OTO | |
09:59:00 | 0.0009 | 15000 | OTO | |
09:36:06 | 0.0009 | 495000 | OTO | |
09:30:12 | 0.0009 | 300000 | OTO | |
09:30:09 | 0.0009 | 300000 |
The .0008 and the .0007 print at the lows just 10 minutes before the closing bell was yet another attempt to pull it down using a few dollars after more buyers had got it, disgusting. Need to get off the pink sheets exchange, ASAP. One of the tactics they use to seemingly out of nowhere come out with phony shares on the ask side, is to locate shares held in margin accounts and short them them dump them at the lowest ask they can without being overtly obvious. The question one must ask themselves is why after the entire day a few million sitting on the ask at the .0009 level would a seller, (ten minutes after a couple million were bought at the .0009 level), want to then dump another hundred thousand shares at .0008 and .0007?? It makes no sense unless one MM was allowing another MM to cover lower than where most of the retail buyers had accumulated all throughout the day. That is classic price and volume manipulation folks. Business as usual.
$RFMK!