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Dead cat bounce. The manipulators who took this up took their millions, and probably went short and banked a few hundo on that move as well.
Only the start? Stock went from $7 back to 1.50, dead cat, and now going to lose $2.
WOuldnt call this the start more likely dead $
Well, looks like the last rally was no more than a dead cat bounce. Friday's close was pretty pathetic. Where were all the bulls that took this to $7 on air? Guess they made their millions. Who knows, they may have played it both ways.
Until this is off the OTC its subjected to the manipulation.
NEEDS NEWS. NEEDS NAZDAQ. NEEDS MORE THAN A BIRDMAN AND A GURU
I admit I was a nervous long going into the weekend but it looks like management came out swinging.
Shorts like Tommy got greedy just like longs got greedy not taking profits.
THis looks a lot better now to stay the least.
Looks great on paper but would an All Star management team allow this to happen before they are suppose to up list? Looks like they dropped the ball on the 1 yard line
More importantly, and if they are TRULY an all star team, WHAT ARE THEY GOING TO DO to recover from this hit piece.
Sorry but not responding at this stage will devastating to shareholders.
Tomorrow and Tuesday are big days for PRED
The one question that comes to my mind here is:
Why throw 10s of millions of dollars at a lawsuit when one could just clobber the shorts by buying up the stock?
What am I missing here?
Lol Tommy Im not sure what your propitiatory charts may be but there is clearly still a lot of HOPIUM from longs here.
Yes, the chart is oversold but if company doesn't deliver via a PR I have a hard time thinking this recovers.
All these posts from "gurus" etc arent going to do any good.
lol Bro I know. But did you look at the charts of EROS and YRIV?
Just when you think were oversold , it can go much lower.
Im with ya
Gerogie, Im still a HODLER here with some of the shares I picked up last week!!!!! LOL. Had my finger on trigger to dump them eod fri but took the gamble.
MONDAY PR would be great and a strong reversal back to that 3.25 gap PLEASE!!!!!
Appreciate you work bro
Reading back on some post here and I really feel bad for some dedicated longs here. I saw this going lower as the tape has indicated for the past 2 weeks.
With that said, this low? And the bs Hindenburg piece were a real shocker. I picked up some shares at these prices hoping for a bounce but the pressure appears to still be weak. I think its too obvious they release a Monday PR as well which may cause more pressure. I welcome a monday PR!!! However, they seem to release news on Tues/Thursdays
AS for the shorts, dont get too greedy as the longs did. This could bounce on significant news any day (for my sake I hope its ASAP). While 1.21 is doable, .54 cents makes no sense unless this is just an elborate scheme to make $ for insiders as some have indicated.
Everyone best of luck!
Why? Can you prove what they say isnt true?
Seems like everything is their opinion and they back it up
I font mean this in a malicious way and have been following your post a lot as you seem to have established some credibility as to whats going on with PRED.
However, shorts clearly snapped this and snapped it hard. This happens and especially in the OTC. But, the fact this cant bounce and get back over some key technical area is somewhat concerning.
Any thought on why this may be?
Smart... I did as well.
took some at the 200 SMA you think this can recover again? or just a trade?
Going back up? where?
3? 2.50? I mean look at this gap down this am. Clearly someone wants this down and not up.
Good question Cutes.
I do believe there are shorts but clearly there is also selling.
WTF ARE YOU WATCHING BRO
From $7-3.30 Id call that an ass whooping especially if you didnt sell or even worst listened to permabulls like yourself and kept buying.
you are a PERMABULL !
Thank you Georgie. Unfortunately, we saw no bounce @ the 50SMA so really the next major moving avg is the 100 SMA @ 3.00 even.
I can see 3.60 potentially holding but the way this trades it very easy to manipulate.
Best of luck and thanks for the response.
BUY and hold??? Not too sure about that.
If this goes back down to $3 that is a lot of unrealized profits wasted.
Lets be honest . This chart is not great and the shorts are relentless on PRED.
News of $TMO while nice, was baked in to the move to $6. We then saw shameless paid promos. If i had to venture those were paid for by longs to create vol and sell out in the $5 range.
Now were in limbo and the shorts are in control until something significant happens.
Georgie , what is your take here? You probably sold a while ago .
Looking to get back in? Any opinion on why Nazdaq hasnt been announced yet?
Not saying it cant go higher but clearly news was baked in
Now we see what else they have
Same thing all Longs are saying.
The ones in the know of this company are clearly getting lied to.
No OTC company is out there to make retail $
AS I stated in my last post to you ... Clear as day news was baked in .
which way? looks like news was baked in on run to 6 and shorts are winning the battle.