i've posted this before and its worth posting again. 50%
i've posted this before and its worth posting again. 50% of any sudden gains of this stock (or any penny stock) will have on any given cycle/PR, etc are just a hologram. the gains in share price are not real as the shorts will buy in massive amounts on good news with the intention of dumping to drive the stock lower. all they have to do is place their orders early on good news before the rest of us do so their average price is lower than everyone who came behind them. they are pro's and do this better than you and i can. their orders are placed before ours. those 46% gains in one day looked real peachy...but it was an illusion.
once the stock has peaked (and investors threw money at it on the way up), the shorts will place their short orders and then they will dump their shares, using computer selling to keep hammering the ask down lower and lower. they will profit twice. once on the dumping of their shares at a profit and then again when they profit on their short position. if they buy enough shares they can move the share price significantly.
and then they will profit a 3rd time as some investors are going to panic and sell their shares at a lower price then they bought them for, which is the intended effect for the shorters, and then they will rebuy those shares at a bargain.
i was waiting to add another 200k and push me over a million and grabbed them at .05 and again at .045 as i knew this was event was coming.
this is what stocks do. again, if this didn't happen, stocks would be artificially inflated at too high of a price so actions like these provides parity in the market. yeah, it sucks today that our portfolios got smacked but this has happened to us dozens of times before. life goes on. profits will recover. share price will go up.
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