Is it just me or does it seem like someone is trying to keep this stock below .40? Every time it goes over it comes right back down.
I'm new to the Stockmarket and to this site so I'm just trying to figure out what is happening and why. I keep hearing about these 'market makers' and wonder if they just decided for some reason that it was time for the stock to move from .28 to .40. If it is true that they are the ones keeping it down then this seems like a good sign that the stock goes to their 'high limit' so fast.
I don't know ... these market makers seem a bit 'urban legend' to me but, like I said, I'm new to this whole game and just trying to learn.
Either way it dosen't matter ... getting out now seems foolish to me when everything I read says this company is worth at least .60-.75/share even if they get nothing out of their contract with Venezuela and as I understand it the arbitration system will get the stock to atleast 1.50-2.00 minimum ... probably more. Hopefully we get the contract though and who knows how high it will go then ... $5.50, $6.50, $10, $13 ... I hear a lot of different opinons.