I thought every one figured out this was a blatant ponzi scheme.
Insiders did make up fake partnerships. Insiders (cost basis of zero btw) did keep selling in plain sight.
Incredible... They sure don't call it "dumb money" for nothing.
From 3.50 to 0.0005 LOL! This will be hilarous.
Probably bounces on the way down, but ultimate fate is ZERO.
I see a big buy with no stop loss at sub 1 cent. Stop loss is zero, target is *10 or more. At minimum *5.
When I say big I don't mean the position size but how I view the trade, as a "big one".
No point having a stop loss, might as well hold bags. Risking 1 to make 10. No point trying to risk 0.5. This is how I see it.
The lower it goes, as long as it does not go straight to zero, the harder it will bounce and go to 1 cent or more at least (even if it falls another 50%).
If this scam gets banned by then or exit scams all at once the trade is invalidated.
I have no interest in the 10 cents and 5 cents supports. Staying away.