Monday, August 20, 2018 2:53:10 PM
as for this being a pump and dump, have you seen any newletters or promotions pushing this? or know of any group plays? when i pulled up a 5 minute chart during the spike it seemed to me that it was retailer shareholders who were taking the opportunity to exit. this volume does not have the feel of a large dump. its certainly not being pumped across IHUB.
and, though i am not suggesting there is no ongoing dilution, i did note that the issued in the filings for the end of March and middle of June was the same. and that the 360M fully diluted that has been noted today includes the 'presumed' conversion of the 32 preferred B shares -- 2.5M per. has that already happened?
seems to me then that assumptions are all well and good, but until they are based on fact, they are nothing more than a guess. and isn't that what the market is built on? i'm personally suspecting something is afoot. or it might even be something as simple as the sector or chart itself - i don't think these guyz do news well.
btw, if you take note of the suddenly current trading range on the chart below, you'll see the 200ma at .0087 is resistance, and the 50ma has a possible support line at .0065. more over, the 5/10/20/50 day moving averages are all lining up, fastest to slowest, and thats an early (if as yet unconfirmed) sign of an impending upmove. generally speaking, the 20ma through the 50ma is very positive. this has the look of a 'potential' runner.
of course, having said that, the RSI6 has gone over 70 so i suspect this will have to trade the bottom of todays range before it can move on.
as always, just my .0068-.0078 worth of thought. feel free to disagree.
best of trading
rich
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