i firmly believe the low of the day was tested by the market maker selling a few shares out of his inventory just to see if he could generate some trading activity by getting some new sellers to lower their asking price----does anybody really believe anybody holding ebig actually had a sell order in at 6 cents today??????????????/
Yeah; thats why I made the comment. Who suddenly sells at .06 - if you've been a long term holder your not suddenly selling at .06 when it hit almost twice that just last week and if your a flipper from last weeks run you should already have been out or not letting it go at .06 when you could of had .10.
Secroot. I hope you are right. I believe, however, it was more than a few shares. Seems to me quite a few shares. But I do not know how the MMs work; as you suggest, the MM may have been testing the water. Maybe this is legal, but it looks like a sharp practice to me. Pretty hard for novices to play their game.
Birdman. What makes you think that? The bushes have been shaking for a long time. When will we ever (if ever) see some results? The pps continues to drop in spite of reports from management and others who report conversations they are having (or had) with management. Something does not look right here, to me. I wish I had sold long ago. I took a licking from PHIL. EBIG is an offshoot (dividend) from PHIL (and its various other names). I hope EBIG is not just another PHIL. I invested hard earned dollars only to see them ripped off. If you have some ideas, Birdman, please share your thoughts with me. PS -- I do not like being paid off in shares of companies that never get listed. Thank you.
I guess I should of stated the way it is trading by the market maker. The way they seem to act when something goes up quick they seem to shake the bushes a bit when it slows down. As far as the stock I have been holding for awhile and have some worthless div stocks in my account also so I do agree on that part. Need to see something soon.