RE:pre-market bid askDJDawg wrote:
So even though the market has not opened yet, someone has placed an ask of 200,000 shares at 0.16 even though the previous closing price was 0.17.
That is bizarre as it means that they are knowingly crashing the price down to 0.16 rather than selling to get the most out of the shares they own.
That looks like manipulation, even though I personally hate the way everything in the stock market is blamed on manipulation.
If anyone has some free cash, good for your, looks like you can get some shares on discount this morning.
Another Friday and another apparent above average volume attack on that .16 support. As you say what rational seller dumps 200k shares at the open right into the bid. If it was an odd lot or sub 50k share sale it could be chalked up to an impatient retail weak hand getting out but a 200k dump into the bid right at the open is suspect to me. I am relieved to see that buyer strength held the support level. I'll be far more relieved when the company can offer substantive news that puts these frustrations and concerns behind us!