RE:RE:No InformationDaytraders do not buy/sell 0.01/0.015 stocks unless there is way massive volume. The volume we have seen recently is large but relative to float, it's minor. There is no way to make profit with this on day trading. Suppose I am a day trader. If I buy at 0.01, the only way I will make profit is to sell at 0.015. Tell me, why would I buy this when I know I won't be able to sell it short term? It's just not attractive enough with these volumes. People buying this now are speculating there will be a move up and betting on the value of the holdings after bankrupty is closed (or, in best case, reverted).
I am one of those speculators which is why I bought in. It's all or nothing cause I know I can lose it all. But I'm betting I won't... Fingers crossed!
rocdic wrote: Nope....lack of news release would suggest to me it’s just a pump n dump game of some daytraders....insult to injury for us long term folks....RD