Management milking shareholders for their huge paychecks & bonuses..
Corporate Crooks aided by the Criminal Enterprise aka Wall Street..
These are Casino plays.. No real fundamentals, MMs play you back & forth once you are in..
If your entry level is not right or you are on Margin, you can lose your $$ before you know it!!
Would you suggest buying some Jan 7.5 in the money PUT Options or close the long position and go SHORT on the stock, for an expected pull back below $5.00?
SEC should investigate the blatant MANIPULATION of this stock trading on a daily basis!
4% Drop with no news, and very Low Volume!
What a CASINO for investment!
Then to drop few pennies every day for the next 4 or 5 trading days wiping out all gains..
WHAT AN ORGANIZED SCAM to fleece the Retail investors!
Doesn't make any Difference.. NYSE, NASDAQ, OTC all are SCAM Total MANIPULATION by the MMs & Hedge Funds using their HFT Computers and algorithms designed to pick the retail investors pockets.. Remember the Russian Computer Scientist/Programmer who was sued by Goldman Sucks for using their 'proprietary' HFT algorithms on his newly joined Wall St. outfit's computer? The guy was making close to $450K/yr for developing trading software that could skim pennies from retailers every day!
Programmed sells in small lots to hold the price down or at the same level..
This has been going on in the US stock markets for the past 10 years or so..
To put it in simple words, it is nothing but MMs colluding to RIG the stock/option price to pick the retailers' pockets? How can you explain 'simultaneous Buy & Sell Orders from MMs" .. These must be programmed trades triggered from their Cayman Island HFT outfits..
Herb Chen [and the bozo BODs] was the main reason for TXCC's demise..
He must be at the Las Vegas Casinos gambling away his Chinese investors' $$$