Pernix Therapeutics Holdings Inc. (fka PTXTQ)

[copperpennies]

Above average vol. with descending price action during the last few days since the peak. If you go back and review the last few trading days leading up to the price spike the vol. was basically trending where it`s at now (but in a uptrend)the opposite to whats going on now. Long story short there`s more sellers than buyers when this reverses the price will rise, the setup bottom for the next price spike will be around the .30`s range. giving flippers(such as myself) a nice profit @ .45-.47. That`s what true momentum players are waiting for, it would be suicide to buy now on the hopes and dreams of a buyout. Check my past posts on PTX you`ll see this formula has worked on 2 such occasions, with a 3rd about to take place.

GL