Prom Resources Inc (PRMO)

[manwe sulimo]

You better load up then because you don't know when News are gonna hit. Just keep your eyes on PRMO trading pattern which is showing clear signs of something cooking and it's based on two possibilities:

(Today the stock has been worked down but a final 300k shares buy just went thru before the closing bell. This is not the first time this kind of action happens)

1) If this is pure MM's shorting then MMs never cover the same amount they short in the same day. This happened before the 15th October Rule and is happening after that. Remember there are 35 days to cover if anything was shorted before the NASD rule and 13 days in any shorting case after the NASD rule. In this case a MAJOR run-up may happen when the different timelines converge by end of November.

2) If this is due to management buying up shares, either for them or for the promised buyback, the situation can get really interesting very soon as any meaty News can make PRMO go parabollic and management won't do anything to stop it because they'll be full loaded.

Of course I might be wrong and this cycle could just end up the same as the other one before.

GLTY!