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Mindpix Corporation MPIX
Posted On: 08/21/2012 12:07:50 PM
Post# of 5570
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Posted By: coolnapz

Someone is trying hard to break .004



If you take a look at the action from yesterday and today, you can see that someone is trying very hard to break .004. If you look at the L2 you will see that NITE has 1 million on bid below at .011. They probably have more than that to tell you the truth.


When I first got involved with MPIX I was buying the .002 pierce area and for several Tuesdays in a row they would just annihilate support to trigger a sell off. It was some manipulation at its finest. It got weak hands to let go back in Mid May, but then people began loading up and the stock would not go any lower on a closing basis.


The end result was the 100 million share short covering from from late July. As you can see, the bears are trying to break the stock again but when they fail again, they will give us a squeeze that we can ride up to .015.



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