Maybe not a 'pump & dump.' How about a 'push & pull?' I think a traditional pump & dump has wild price swings but everyone involved (except the buyers) knows the stock is no good. Since HMGLF has NO catalysts (other than speculation & human greed) I can only guess the price is being moved up to a point that retail buyers don't want to get left behind. When they buy in, the traders sell. As the stock goes back down (retail buyers watching the red numbers grow larger) the traders pick up the stock cheaper every day (or wait until it hits their average/mean before buying any at all).
Then the whole thing starts over again. If you're watching the charts you can make (or lose) 10% a week on this stock.
...but I'm thinking the SP is $0.45 by noon on Friday July 1st. If so, that's my entry point...
If anyone else is charting I'd love to hear what you think -- :)
NOTE: No catalysts are included in the prediction. The SP is being moved by traders who are playing percentages and trying to AVOID catalysts.
lloboblanco, these are the 'easiest' to chart. There is a finite number of parties buying & selling and they have quantifiable war chests and commensurate thresholds for pain. Over time, those can be charted and exploited. I do it because I have a low threshold for pain and and tiny little war chest...
This company had a very promising future until it wasn't promising any more...
-just change the - after www