Provectus Biopharmaceuticals Inc (PVCT)

[suberizedwrx]

Hey...I'm not going to argue with you man. Everyone has their own opinion. I've just looked at recent price action. The drop from $6 to $2 makes no sense! No company explodes like that unless there's some MAJOR bad news and it'll take a while to recover...a long while. Also I'm looking at the company's total history. It looks grim over all with sudden price bursts that we've already experienced recently (the climb to $6)...but after those episodes it trickles down to a dollar or so. The price action is breaking key supports and failing to push past key resistance. Look at the history a bit...analyze it. This ain't no FNMA so I'm not expecting the same jump. With my short opinion, I'd say it's good for a 10-20% drop almost guaranteed. Again, look at it's history...it's never gone too high EVER and that's over 10 years of history. Also that was HUGE volume on that one day that it dropped from $6 to $2. It's financials look bad as well. http://finance.yahoo.com/q/ks?s=PVCT+Key+Statistics
550,000 shares to short through IB at a 16.5% borrow rate. Just FYI.
Either way...good luck.