Elray Resources Inc (ELRA)

[MarketShark]

Of course it will go up and it is impossible to say by how much, but it will trade horizontally for a month or so from this point on until enough of those who have bought at 0.002+ sell at a loss which will then cover the gains of those who bought low and sold high. Once that imbalance or inequality is taken care of (with time), the company will be able to release another great&true PR which will sharply run up the share price because it won't have the constraint of the negative pull of the emotional traders who are "getting out even" or trying to cut losses on the way back up. Those are some of the pre-cursor settings of a spike. Once the PPS is up big enough, the company will dump newly-printed shares therefor getting more bang for their buck. And the process repeats itself thereafter.

The important part is to buy when it is trading horizontally (and when the market also believes in potential growth, combined with good revenues), and sell when it is going up before the company cashes in on freshly printed shares.

Hope this help.

-MS