most here have to realize that peney stocks are a whole different ballgame. it the one area of the market where i do have considerable experience and most pinks or BB's, i mean most like 98%, in the long term go down!
here is what happened today: the market was expecting news cause the same rumors we are getting on this board are out there elsewhere. for one, many may have wanted an actual sec filing because pr's in penny land are meaningless and the longer a company goes with only pr's the more it looks like a fluff company.
two, may have been the old buy on rumor, sell on news trade.
We are not done yet if Charts sources are right and the company signs an sec filing and confirms any of the deals up to this point. it will not trade up just from the market, daily vol. , or watching charts however. the only way this goes up is if charts sources are right and there is a "real" deal here. that is the risk we take.
