Good morning $POTN
IF those audited Fins come out on Monday, will give us another nice boost. AMAC, do some research and google “bullish chart patterns” and you will find plenty to read about. I agree with Up and Down about chart patterns and I don’t care whether it’s a major index or OTC. CHARTS DO NOT LIE. Human nature being what it is (unpredictable) life being what it is (unpredictable) when you use charts it helps to see patterns form and which way a stock is going to go. If a company is doing well, ramping up production to meet demand and increasing sales then investors will see that and buy more shares than sell and the chart will move up. Charts help us to predict timing and experienced investors who recognized OUR chart pattern over the past few months (sideways action, flag and consolidation on decreasing volume) jumped in last week and will continue to do so because according to OUR chart the real resistance is going to be the high point of the last real run up. The investors who bought in at the top of that last real run will be eager to sell to break even. We hope they don’t sell and continue to accumulate because $POTN’s book value is much higher. Being that tax selling season is over there is a good chance the could hold to see where this goes.
As to the toxic debt, that’s a good question for the next conference call. It seems to me $POTN’s momentum can easily overcome that selling pressure and the higher the stock price goes the FASTER those shares will be burned through. When we see volume in the 10 mil range that’s when those shares will be going fast.
Just my opinion. It’s a tug of war all the way and right now we have the momentum.
Chart is showing LOTS more room to run. Methinks the audited fins were saved by management for this exact reason. We shall see!
Long and Strong!
GLTA - WIC
