Agreed, MM manipulation continues to be the theme
Post# of 11899
Agreed, MM manipulation continues to be the theme in RFMK daily stock trading. However the lack of buyers, enemic volume possibly because of the OTC markets yield sign and the DTC T4T chill and dilution of the O/S over recent months has given them the excuse to do what they do best, manipulate the daily action. When a pink sheets stock does not have current information, when the dilution of the O/S seems to continue month after month without end the buyers typically do not come back to trade the stock, when that happens the volume becomes enemic and as we all know when the volume is extremely low in any stock, the possibilities in manipulating daily any participant buying or selling in the stock are vast and great for the MMs.
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Today we saw about 4.5M shares sold short and typically they are covered at lower prices on the same day so as to flip by way of shorting then covering. This means that almost half of the entire daily volume was just shorting and covering plays and only the other half of the volume, about 10M shares was actual normal trading between those selling and those buying. If we count out the short/cover trading volume then 10M daily normal volume is still rather low compared to an O/S over 1B, its only about 1% of the total shares in the company, which I would define as enemic volume. I think the pps can only really move up with strength and conviction if the daily volume is about 100M shares, or about 10% of the total shares in the company. My opinion is that if we were to ever see about 20%+ of the total shares, about 200M, traded intraday then the pps could sky rocket into penny land rather easily. Just a total guess but I dont think that guess is too far out in fantasy land. I really do not think we could ever see upwards of half of the O/S trading which would be about 500M shares in a single day, if so the DTC would probably come in and globally lock the stock which would be a death sentence for all of us. So I think normal and decent volume to give it appreciation would be about 100M, for very explosive sky rocketing pps volume of 200M and volume under 20M or 10M just means absolutely nothing as regards the current share price. Just my opinions.
$RFMK!