PCT Ltd (PCTL)

[NewJerichoMan]

Lot of shares sold today.

Let's see if we get a late day sucker's rally. This is when a MM has lots of shares to sell, they'll cover the shares they have shorted, and begin it anew on the following day. It's a "shorting against the box" technique if you will. It didn't happen Friday but it did on Tuesday and Thursday of last week. Below is what it looked like on Thursday's chart. Last 100K or 200K shares of the day are all "slap the ASK" buys.





We're up against the 50-day moving average ($0.022). If all of the recently issued 25M shares are for sale, I don't see how we don't break below the 50-day MA.

Just know, it's temporary and it's predictable. Before we had multiple holders of conversion shares. This time there is only one holder and we know how many shares they have been issued. This makes it easier to predict the bottom.