garry, it is a pump and dump or any other term you like to call it. I can't begin to tell you the number of times I've seen the same play.
Often the share is chosen because of: - It's liquid style (high volume turnover) - Current price (Was 0.011 = cheap, high turnover) - Past market darling (Was 50 cents) - Oversold perception, market sentiment (why do you think the run came post New Year? Why not before?)
The funny thing is, it's not just ADY that is being pumped but none met the specs that ADY offered. Tell the people that paid 5+ cents tat it's not pump and dump.
So where to from here? I can't see this going back to much less than sub 0.028 (50% of 0.056). If it does, it will hit 0.02. Safe trading in the 0.03+ range in the ST. Will there be another pump - Yes, and this will depend on sentiment.
iPod PRO
ADY Price at posting:
3.8¢ Sentiment: ST Buy Disclosure: Not Held
