Key positive trend trading factor...
I have made a habit of checking this particular web page (below, copy and paste)) -- it's saved as one of my "favorites" -- every day. I am sure I am not alone in doing this. It is often the source for the wider investing market's first look at an emerging and/or surging company. In our case, a surging company that more investors will be likely to jump in on next week when and if it finally decisively breaks out into the .40s
www2.barchart.com/otchigh.asp?&what=all&force=otchigh%2easp
What jumps out at me in looking at this particular (small) group of otcbb stocks that made or tied their 52-week high on this particular day, Friday, Aug. 25, is that only one of the group happens to be a sub $1 stock. I am going to blame the lack of any other sub-$1 stocks on this list today on the fact that it is late August which is traditionally the most dragass time of year for penny stock runs. That said, PRVB's being on this list here and now speaks volumes. Think about how good PRVB is REALLY doing given the "it's only August" market mentality!
As for the wall at .40 and who is selling.. Someone who is very very impatient, that's who. Think about owning a penny stock with an upside potential of double- or triple-value short-term and a downside risk of, what, 10 percent? ( to support at .34/.35) Question: Just who the heck would sell in this scenario? Answer: Simply those holders who became very impatient with the lack of definitive breakout buying pressure. Boredom, that's all it is.
Meanwhile, given an entire weekend to scan, a lot of investors will be discovering PRVB over the weekend, folks. Mark it. I intend to watch and appreciate our rise in (the) bull friendly month of September.
