Hartcourt Companies (fka HRCT)

[Penny_4UR_Stocks]

MrEC, Pure speculative answer, Ok... I think that most of the smart swing money is already on the table for this next run. One reason for the low volume (and low volume trades) today. There are a couple points of entry for traders with cash and sidelined; a buy stop order above resistance at about .65 to be taken out in the run or a buy limit (.49) just above our strong support of .48, in the event MM’s run stops again intraday. Strategy depends upon how one likes to enter their trades.

As a second possible reason, the DOW and NAS are in a strong retracement and many penny stocks are retracing as well. Just a buying opportunity for most good traders as we retrace and find support on the majors. I don't think we'll see much smart money coming off the table between HRCT's current support and resistance (.48 and .64) while the good news is pending.

In theory, MM's adjust pricing to a point of demand and supply that achieves the greatest volume. In practice, it is not always in their best interest to induce additional volume if it leads to erosion of their long position during an anticipated positive forward event. This explains intraday swings that take out stops but don't give an equal chance for new money to enter at lower prices. (House odds rule the OTCBB as well, over the long haul MM's always win, some traders get lucky and win (patience and DD), and some who count cards (entry and exit strategy) maintain a competitive advantage and prosper as well).

Long answer to your short question. And just my 2 cents on the subject (JM2COTS).

P4S