Those trades are from high frequency rebate traders. Its not as sinister as people on this board imply. They put in large partial penny orders on either side . They make most of their profit from the liquidity rebate. They tend to trade high volume low caps that are stuck in a range. Big movers are too risky for that type of BS trader that doesn't understand momentum or fundamentals.
So dissapointed in this POS. Ive been buying this all the way down. Ive been in it , believing in it. Im not a basher - i own 54000 shares. I legitamately would love to see this soar. My only regret is not not dumping when there was a break even point in the mid .70s. Mismanagement , obvious dishonesty now, and a disappointing result are compounding all the struggles. A backlog that can't be mined efficiently, turning themselves primarily in to a sales force is a weak play. Any entrepreneur can start a salesforce in their moms basement - which is where the SP of this POS will stay for the near term anyway. Still - I'm hoping for a miracle
PRICE 0.28, +0.01 pts (+3.7%),Monday, 30 Mar 2015, 1:25 pm EST (15-20 min delayed)
4, up from yesterday's close.
Daily typical price range from yesterday's close : ± 0.02 pts, ± 8%
1.5x: ± 0.03 pts, ± 12%
2x: ± 0.04 pts, ± 16%
86% of the time a stock's intraday price remains within the 2x range.
BULLISH Probability - Mild bullish 3 day chart pattern with Extreme 3 day accumulation.
Confirmation - Extreme bullish 1 day money flow
I'm down just over 20k on paper. Im fed up to. However , I'm thinking of adding more. currently holding 54000 shares Ive been in for a while, if nothing positive happens tuesday +- 2 weeks I'm dumping as well. We need a buyout at this point. The lawsuits are killing this thing and the fact that they burn through cash faster than any of their competitors doesn't help. Trying an untested business model created uncertainty- the market hates uncertainty . Such a shame - they don't like they ll be profitable any time soon. break even for me is .75. 2-3 weeks more for -I m done