No - just profit taking from a few people who boug
Post# of 1514
Every time VFIN is hit for about 50K against his 10K he moved up then disappeared completely on Friday.
Due to the low float, it is very thin to the upside and doesn't take many impatient, selfish people undercutting the ask or bid whacking to take it down for a while.
A group with deep pockets is in this due to the potential to go to much higher on anticipated news and mergers.
It was at .06 in March and .30 a year ago.
For me this is just a lotto with 3 x 100K buys in the .0046>.0060 range - it is very difficult to pick up even 100K at one particular price on the ask and those only bidding run the risk of it running up 20 to 30-ticks without them gegting anything.
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.