So far today there have been 3 sales of les than $5 value and one for 16 cents. Why would anyone set a bot on a stock like this with such a small tradeable float? This sort of activity is usually the realm of institutional players and Hedge funds.
I can only think of 2 theories:
1. The swampies bought a couple of thousand shares and are hitting the bid on low volume to spook the weak holders.
2. The large holders of the stock are trying to keep the price low in small amounts so that they can accumulate large amounts at the weaker prices.
It cant be a rational retail holder selling $5 worth of shares and paying $15-$20 brokerage. Therefore, it is an irrational retail seller with an agenda. Or, a rational institutional seller with an agenda. Don't be fooled peeps. The Large Lady isn't even warmed up yet.
Happy to hear any counterpoint. Except Tgn.......... Tgn can keep quiet.
