Yes I can believe it. I called it as a dead cat bounce and a pump & dump yesterday and today, see my post from this morning: Some of the transactions looked fake to me, particularly that last lot of 500,000, it appeared on the Buy side at .39 and was swiftly taken out.
SP looks manipulated in order to drag the buyers up to .04, as soon as they have this morning and over 300,000 they have been sold into. If the buyers get spooked and do not step up to .04 then expect the dumpers to start on the .038 level in the next hour. Unless of course the .038 buyers are their own props, not that that would neccessarily stop them.
Seen this all before on CVI, the only difference is that back then we could not understand or predict it, now we can. Very transparent to seasoned watchers.
CVI Price at posting:
3.9¢ Sentiment: None Disclosure: Not Held
