Artfest International, Inc (fka ARTS)

[masko23]

I recently sold my 700K+ shares due to the plunging accum/dist line. As far as I can tell its not much better now than it was then.

Money is being made, can't find many other sub penny stocks doing that.

ARTI may be making money, but you really have to ask yourself if, in this economy, is it wise for a company to plan an 'aquisition a month"? IMO, ARTI is over extended financially and it will take more than CSD's revs to boost this in the near future. The talk not too long ago was .02-.05. I think that once ARTI pays down the 5M line of credit to Delany, some of the shares that have been dumbed on the market get eaten up, and they show a few quarters of solid growth, THEN this will get to .0132. Its fine to make money, but if you go too far into debt too fast, making money only keeps you treading water.
That being said: ARTI is getting low enough now to have it back on my radar, but according to this chart, its not yet time to buy.
jmo
glta
masko
http://stockcharts.com/h-sc/ui?s=ARTI&p=D&b=5&g=0&id=p18382440436&a=172612324