Most of the volume came at the very end in a few big trades. The rest of the day had many 100 and 200 share trades ($130 or $260 trades for manipulation and begging for shares). Then BANG they traded some big ones at very low prices. Looks like time to buy, but with this type of action you have to be careful -- they have more control than you do (whoever "they" is).
Oh Yes! The idea is to overkill. It's all manipulation. Just look at the action a few minutes ago. They traded 100 shares. That's a whooping $153 with a minimum $6.95 commission (about 5%). Why would anybody do that? Well, because it is a trading signal. 100 shares = "I need more shares". 200 shares = "I need more shares badly, but do not take it down." 300 shares = "Take it down so I can load shares". 400 shares = "Keep trading it sideways". 500 shares = "Gap the stock. This gap can be either up or down depending on the direction of the 500 signal". When we get light trading like we have had most of the time lately it leaves the market wide open to manipulation with only a few shares traded. I'm sure the SEC does not watch these little stocks, so you are on your own to decide if you want to play the game. I can't beat the high speed computers, so I don't even try anymore. I really can't see why this stock is at $1.50, but it is. It is going to take time to get it to $5.00 and if it gets that far it probably goes to at least $12. Until it makes a decent move, I have no intention of making any rash changes. Good luck to all of you. As my old daddy said, "Patience Jackass."
Yup, you are right. by 10:45 Pacific time today they had already dumped 19,044 shares worth about $30,000. That's enough to kill this stock.
As my old daddy used to say to me: "Patience, Jackass."
A quote from the Merriam Webster online dictionary as a partial definition of the word patience - (an example usage of the word "patience") "Investors need to have patience. The economy will improve soon."
How about because we are stupid and greedy, and we are waiting for the big kill that we are sure is coming???? We hope. Don't we? Are you sure? When? Will it take that long? Oh, darn !
I'm really not sure why I read the #$%$ on this board. Entertainment I guess. But, I did go by the mine a little over a year ago, and I was convinced at that time that it was going to take 3 years to get the full mine in operation and for it to really show a good profit. There was just a lot of work to be done: confirmation drilling, mine plans, permits to get, get more processing equipment, etc. I left the tour with the feeling they were going to be able to minimize any dilution of the stock, but some may be required to keep the finance situation under control. Since then it seems like they are about on track for what I expected. The minerals are there, and it appears they will be able to extract them at a profit. Patience is necessary, and I intend to stick around a quite a bit longer. It seems they are now at a point where the short sellers can't run them out of business even if they can keep the stock price low and make a bunch on fluctuations of only a few pennies. If you are looking for a quick buck, I suggest you go someplace else or plan on trading the minor fluctuations. I think it will be quite a while before you see $5.00 which is probably where it should be at this time. Sit back, relax, enjoy the ride. Just ignore the noise.
Oh, please don't mention Boo Boo. You might wake him up. It has been wonderfully quiet since his mother sent him to take a nap.
I'm in the black, and if I get a 9.3% return for a long time I really don't care if there is a big gain or not. Keep those distributions coming, and it appears they will be very successful in doing just that.
Are you saying that changing "son" to "sen" is a sin? Hope I didn't offend you with my previous comment. Hope you find a way to get the imposter off the board.
Bob, Nobody can help. But, you wouldn't worry so much about what other people though about you if you only knew how seldom they did.
Boo Boo, I don't mind noise in the market of up or down a few cents. That's natural. It's noise from you that I find unnatural and offensive.
Boo Boo, if you don't like this stock, why don't you do what one well known stock expert suggested this last week. Sell your shares and find another stock that is going up. If you do that your mother will be happy that you have become a success in life, and the rest of us will be happy because you went away.