9 MM's now at .10 to .105

Close to 1 million shares traded or should we correctly state Sold so far today - so traders still have interest in OMVE

8 MM's from .10 to .105

If .10 holds - then we could see a "dead cat bounce"

How much ? No idea !

Lets see if .10 will hold as support

NITE back to .115 - the slide is continuing

NITE moved up to .125 on the Bid - the price crash could be over for now

NITE is sitting at .11 on the Bid - we will probably see .11 today

NITE is covering at .144

They can cover all the shorted shares at this level and make a huge profit - there will not be any short squeeze

7 MM's are already between .10 and .106

I now expect to see .10

The pennies and "stinky pinkies" is close to "gambling"

The trick is to play the upward momentum and take profits

I have never seen a long term penny play

Companies go public to raise money - they raise money by selling shares - most companies have ZERO revenue - they stay in business by selling shares

To sell shares the company needs the price to run to create buying volume - once all the shares have been sold - the price usually crashed down to where it started or worse

Price will flounder around .10 or the way it is collapsing now back to .065

Some time late this year - there will be another run IF we get a PR that actually lists $$$ sales instead of just Hype and Fluff

If you look at the last Quarterly Report published - there is very little $$ gross sales

The group that ran this are on to other opportunities

There will not be any short squeeze - all who shorted have now an easy cover at these levels

.10 will be the next support and then .065

A lot of accumulation here at .15 to .16

.15 is strong support and based on today this strong support is holding

Now to see if .15 holds as support !

It also depends on who exactly is behind the next push. Most shares have been accumulated at between .20 and .22 - the retrace to .16 was only a few shares and there was not much available under .20

For traders to sell at .30 if they accumulated a lot at .20 to .22 - OMVE has to run to .40 to allow all the shares to sell

It could be an interesting week

3 different groups appear to be trying to get OMVE to run - see an earlier post of mine

OMVE LATEST STOCK PROMOTIONS

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Promoter: StockMister Paying Party: Wall Street Hustler, LLC Max Profit: Pending Gain at close: Pending
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www.PennyStockAlerts.com does its best to bring you accurate information but errors may and sometimes do occur. Always do your own research before investing. PennyStockAlerts.com is not a licensed financial advisor. This is a paid advertisement, not a solicitation or recommendation to buy or sell securities. This company is so hot many of you may have probably already heard of them. The stock is already active, the potential is 1 in a Million, read more
Promoter: The Stock Psycho Paying Party: StockMister Max Profit: Pending Gain at close: Pending
Stock: Compensation: Unknown compensation Avg $ Volume for Period: UNKNOWN
OMVE is Gunning to be the Next True Religion Jeans Jun 01, 2012, 09:34

www.DailyPennyStockss.com does its best to bring you accurate information but errors may and sometimes do occur. Always do your own research before investing. DailyPennyStocks.com is not a licensed financial advisor. This is a paid advertisement, not a solicitation or recommendation to buy or sell securities. This company is so hot many of you may have probably already heard of them. The stock is already active, the potential is 1 in a Million, read more
Promoter: Darth Trader Paying Party: StockMister Max Profit: Pending Gain at close: Pending
Stock: Compensation: Unknown compensation Avg $ Volume for Period: UNKNOWN

Lets see what next week brings ! Great weekend all - GLTA of Us !

No buying into the close so far

I am not on that promo email list - so I did not see the promo this morning.

You are 100% - there is significant shorting all day today - however unless they can push the price way down - they need to cover - then we see an end of day price increase as covering happens

Volume = 2,000,597 at 11:51 am

Big blocks being DUMPED - 50,000 then 45,000 then 25,000 then 20,000

No trades in 14 mins - the close today should tell the story for next week !!

Sell volume = about 55%

Buy volume = about 44%

What a morning - it appears as if the selling has stopped for now

A strong close will set up next week !!

.211 x .24 - Lets see if there is any buying at .24 and then if the Bid support strengthens

I just bought at .22

.21 x .23 and Volume = 1,779,465 after 85 mins of trading !!

.201 x .225

Selling is relentless - close to 100,000 dumped at .23 and then .22

I do not see where these shares are from based on the chart volume - unless suddenly everyone is selling at a loss after buying this week or dumping at a loss all the shares bought this morning

Yes - there has to be huge shorting today !!

Lots of pressure to PUSH the price down - Of course the DOW down - 202 does not help

Can DOW 12,000 hold or are we about to see a market "crash" ?

It is a Friday - however the amount of selling is very surprising - As usual with OMVE lets see how it closes and how it trades in the last 60 mins

RED now for the day - real strange morning so far .23 x .24

Volume at 1,1 million after 21 minutes - however there is lots of selling at the moment

Close to 1 million in volume after 20 mins - something is happening !!

About 2 million in total for both days - 5/21 just under 1 million and 5/22 just over 1 million

Look at the chart - .15 was resistance - it took 3 days of hitting .15 for OMVE to break thru .15 on the 4th day

Old resistance becomes New Support - standard charting principle of support and resistance

Then .15 provided support for 6 consecutive days and then on the 7th day OMVE closed at .175

If .15 does NOT hold as support - then the next support is at .08

There is nothing on the chart to support .30 as .30 was never real support - we need at least 3 days to confirm a support or a resistance level - there is some evidence of support at .20 - but to me the evidence is inconclusive

All my own opinion after looking at charts for many years

I still feel that .15 will be solid support based on the chart

Based on Fibonnaci retracements - it can go below the 200 SMA

At the moment the 200 SMA of .243 is holding