Fabled Silver Gold Corp T.FCO

RE:RE:What caused SP drop today?

[Scorpio2]

My guess it was an orchestrated takedown by the three brokerages referenced in an earlier post or some brokerage(s) hiding themselves behind the Anon facility. And they are working for someone behind the scenes. The brokerages have the inside scoop on where all the stops are and I am sure that many investors that bought in at lower levels had stops on their significant unrealized gains for protection...so they thought. The brokers knew that there would be a lot of shares for the picking and they wanted to accumulate (for themselves or for someone else) as many shares as they could pick off at the cheapest price before the next big run up or possibly a buy out. Look at the fundamentals. Has the demand/supply situation with cobalt changed? No. Has management absconded with the treasury funds? No (at least not that I know of yet). I have seen this kind of $hit happen on the venture before.....it's called a flash crash and it's usually for someone who wants to build a big position before a takeout within 3-6 months. 

It sucks as far as price action is concerned....and I was getting concerned with the huge overhang in available shares for sale or potential sale due to the unrealized gains. I sold some before the flash crash but only about 20% of my position. I will now have to see how this unfolds. If you have cash and still think the thesis for this stock holds, then buy along with the brokers and Anon at cheaper prices as they did today. There is always a buyer and a seller.  Investors that had stops were the "forced" sellers today.