We’ve probably had about a dozen donut days this year if not more lol and drain the swamp, 4 years later and the SP is less to its original price when first listed 0.380 with Ci1 only having its Hong Kong debt operation lol. Yerp to the moon Porter DRAIN THE SWAMP !!!
This stock is a YO-YO most likely by the end of the week it’ll drop again like every week, like you said someone is buying at the bottom adding little to the up side of the SP.
You may not remember or been around at the time when Ci1 had massive share blocks on the sell side everyday of 1,000,000 share blocks and 2,000,000 shares blocks to sell, downward pressure was on. It was happening almost everyday for a long time about the time when Jim made formal complaint about share manipulation, the response he got was there’s no manipulation so investors were doing it tough. Imo opinion this could have well been a competitor buying ci1 shares earlier on cheap then later dumping forcing a downward pressure causing the retail investors to sell, only the strong surviving, can’t yet say if strong is smart time will tell lol.
Could this happen in the future, YES do we know who’s currently buying at the bottom consistently, No. It’s nothing to do imo what goes on at HC that effects the SP. There are different agendas we can only speculate about true or not, some say CR, others buying cheap later dumping perhaps a repeat of the past, all speculation or genuine interest in Ci1 all speculation. Whilst the SP sits well below its price from when it first listed nothing really worth celebrating lol. imo.
not professional DYOR all imo
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