Patriot Energy Corporation (PGYC)

[MarketGeometry]

I don't follow barchart. there is support at 0.026(at SAR) and if it fails and 0.016(green line in chart below). Since there is buyout news going on technically there is no strong resistance. Only negative about this stock there is some huge selling going on/CMF/Money flow indicators are showing money is moving out of the stock. It can be someone with substantial holding and also PPL who dont believe the buyout is legimate is selling/day trading /taking profit etc. I for one have small position and sold and rebout again. Will see what happens this week. My reasoning is no one is immune to SECurity laws..unless insiders wants to make quick buck and wants to go to jail they wont do something stupid like giving false buyout news with buyer info etc which SEC can easily investigate and prosecute if they deceive investors. Also risk what you can afford to loose and nothing wrong taking profits. Pinksheets are risky and so is FNM/FRE which some PPL thught as the safest investment until govt tookover.
Just use common senses and proper money management..and diversify. JMHO