No worries, looks like someone took profits for the 3 day weekend.
Not unusual for someone to take profits on a price jump like we had. Good news is, those shares sold were bought, just at a lower price. We should be back up to $.085 to $.09 by mid-week, next week. Real risky being out of ADMD shares with an FDA response being imminent. I wouldn't sell knowing that news could come at any time. MDLAND~
It looks more like someone was literally just screwing around at the very end of the day with an open order to knock it down. Not enough shares to be anything else when you consider the volume at such higher prices. I wouldn't be surprised if it was a vindictive idiot with Team Ignore. With the conference next week and the FDA issue the stock will trade at .095 on Monday next week. If someone wants to literally GIVE away their shares on Monday for seven cents a piece then they will be in my portfolio immediately. I have my low ball buy already set for dumb investors using open orders to sell like this afternoon.
it may go over .09 but mere profit taking on million shares for a sub penny stock bringing the price lower by 22%???? with fda news expected anytime doesn't look postive...btw i am long hold small postion hope i am wrong...jmho
Because of ADMD's history, a lot of folks are still skeptical because of the price. In the mind of some, nothing has been proven yet. ADMD spiked a couple months ago and went back to $.06, someone is playing the odds again and taking small profits. If you ask me, It's just too risky to play. Of course we can all look back two weeks from now and say, " I should have sold for profit", but hindsight is 20/20. Rumor may be that the FDA may respond during the first week of February, but again, you're taking a chance in being left at the station when the train leaves. Again, no worries, probably just one trader taking profits to bring the price down. This is a tight float for an $.08 stock, MMs will drop the bid if they see a sell pattern. MDLAND~