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Re: shortstack post# 6199

Friday, 07/25/2014 7:45:49 PM

Friday, July 25, 2014 7:45:49 PM

Post# of 9951
@shortstack, ...youre very welcome.

When the technical trading is in control of the price action its not too hard to see the way it flows.

Adam F was bashing the trigger slam today in another biotech.... GALT.

It was instructive to see it play out. PVCT style. the pump and dump game, the twitter trigger. and down goes the bubble pop.

If you just look at the IHUB GALT page, the little chart box shows the whole play.

What happened was, GALT management/press promoter released a bullish cheerleading 'pump' yesterday.
It was a typical promo pump, positive to attract sheeple into the play....and timed exactly at a point in the chart wave structure that begets the sheeple to jump in Late in the rally cycle. The promoters and the short attack traders and folks like AF, the Professionals, they Know how to use the timing in technical chartwerks. they know that a rally is tired, that the pullback is due, and that if they come out with a Pump at this key moment, they can pull in more buyers new to the game. These new buyers are called sheeple, patsies, bagholders, and cannon fodder for the likes of Adam and his goon squad. PVCT got suckered into that game back in January when they pumped it from 3 dollars to 6 and ...we all had a great fun time with that collapse.

Its a game that gets played with the pump followed by the dump. Yesterday the promotional team that handles GALT did their pump article. and today, exactly when the right moment came , Adam F did his Bashing Dump Tweet. The price action did its thing like a stampede of lemmings rushing to the cliff edge.... The morning opened today with a breakout surge that went too high from the start, but the pumped fever kept it going higher still, .
now, at the 16 dollar area, is when I saw GALT, and said..."Oh, Hell No..." and I sold some and took profit at 16.10.... while GALT's pump fever kept price rising for another 40 minutes to 16.50....and just then, at this overblown pumped top zone, comes Adam F, with his Bashing Tweet. it was like a perfect sucker punch, one -two combo. The pump yesterday and Adam's dump call today. and GALT went slamming down from 16.50 to 14.25

Attaboy AF. Thats how the game is played.
I saw a poster on some forum, I forget where, said....If youre invested in Biotechs, you Must follow AF's Tweets.

That is for sure.

PVCT hit that stair step resistance at 95 cents. and its bouncing back to 85 stair step zone. no problem so far.
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