Tuesday, March 31, 2015 9:04:53 AM
I agree that the float here is largely locked and longs are not selling at these levels. This brings up an interesting fact in the otc. How much credit can you put into an RSI chart that sees volume based on the purchase of naked short shares? I know there are several 13g filings, I know another 800m or so is being held by strong longs. So if the daily volume is being fed by 40,50,60m shares a day to keep it from breaking bearish resistance the RSI is not accurate. For the RSI to be accurate the stock should trade organically based on supply and demand. Right now the actual supply of real shares is being held strong so the only shares being supplied below those set prices is fake.
Anyone who trades otc runners knows that this is a bs marker.
$PVSP IS MERELY WARM.....BUT GETTING HOTTER EVERY DAY!
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM