...due to the rollercoaster peaks and valleys of ASFX the last few days. I am new at this and would appreciate feedback:
Volume has dried up because this ASFX Pump n Dump has been exposed. Not that many suckers left who can be duped into all the hype over the facts that ASFX has never made even $1 in profit, racked up $6.4 million in losses on less than $1,000,000 in revenues (72% of that revenue was wiped out when Walgreens cancelled the contract and sent all the non-selling product back to ASFX) and massive shareholder dilution over 1100% by issuing 100's of millions of more worthless shares.
Without the pump n dump this ASFX would still be sub-penny.
vtpi.ob it's time to buy it was shorted to the ground after a reverse split. They have since landed two contracts.
.•Vital Products, Inc. Secures Packaging Business at Goodrich Aerospace
PR Newswire(Fri, Oct 9)
•Major Automotive Parts Supplier Validating Vital Products, Inc.'s Biofill
PR Newswire(Fri, Sep 11).
All penny stocks are rollercoaster rides. All of them. Regardless of the pumpers on the board that say the stock will be a 1.00 in a month cause it just rose from .0001 to .01 in a day or two.
The game is this. MMs will buy a large quantities of microcap stocks as an initial investment at a very low price when the stock is relatively unheard of . Then, when momentum starts or some PR is released they walk the price up with lots of very small buys (50 - 100 buck trades). They don't care cause they're not paying a commission on trades the way most of us are.
As new investors start to pile on this price move this creates huge buying pressure, high volume and the corresponding price spike. Once the price has hit a level the MMS are comfortable with they begin to dump that huge initial investment I told you about at the beginning of this story. It really doesn't matter if they're losing those small buys they made on the way up cause the amount of shares they begin to dump is thousands of times more than that.
This creates selling pressure which ultimately leads to stop loses being taken about at an accelerated rate. Now is when the fun begins. As the MMs begin dumping that huge block of shares they're also shorting the stock so they can make an equal amount of money on the way down.
This is exactly why experienced investors will take their profits off the table before EOD on one of these huge moves. They always get slashed at least 50% that afternoon, the next day or in a week (TOPS).
This is plight of penny land, It's the ghetto of wall street and it's every man for himself. Know the game and you'll prosper. Walk in believing your 1000.00 investment will turn into a million in a month or 6 and you'll get burned every time.
Especially if like ASFX it is just an illegal pump n dump scam of a worthless sub-penny stock that never made even $1 of profit. The only thing the brainless twits running ASFX in the ground are good at is piling up millions is losses and one massive dilution after another ripping off ASFX shareholders.
Sums it up. Very concise. Every penny novice should print your statement, enlarge it and then hang it where it can be readily seen. Nice of you to spell it out!
Now....how many readers will actually heed?