Protagenic Therapeutics Inc. (PTIX)

[BNGESG]

Wed's article from Seeking Alpha on ATRN was definately a good example of how this stock is being pumped. Here's an account of what was going on with the price action just before 1 yesterday:

Now, I was wondering what was going on with that spike since it looked like ATRN might have dropped off after that third try at $4 resistance (before it ran for it again and broke out). Well if you look at the time it broke out, it correlates well with when a seeking alpha article was published...3 times on twitter 12:32 EST by @sa_internet, 12:32 by @sa_tech, and 12:40 by @SeekingAlpha.

The article was a push for a long position on the stock, a rebuttal of sorts to a short article that was put out there last week. If you go HERE you can see the two authors with their cases. Its all speculation and so its all noise. What I really noticed, though, is that there are 4 articles about ATRN but only one was blasted out on twitter (today’s article) or at least that’s all the history I can get from twitter. Additionally, if you look at the chart you can see something interesting: A long article on Sat Mar 5, followed by a gap up on Mon Mar 7 (opened at 5.58, closed prev Fri at 3); Thur MAR 10 another long article came out in the morning and the stock ran from 4.40 at the open to 6.80 before noon; Fri MAR 11 a short article came out in the morning and the stock continued its fall that started after the previous day’s morning spike. And then you have today’s article, oddly timed at a breakout point when the stock had just failed to break through for the third time...Today’s blast was pretty strategically placed, I think, close to a breakout point that, in my opinion was failing before the article came out.

When I look at my broker’s chart I can see the time/price movement better and at 12:33EST it was at 3.73, then it gapped up to 3.83 at 12:35, then ran to 3.99 at 12:36, between 12:38 and 12:40 price was back down in the 3.80s, then it spiked up and it was off to the races. Remember that the SA blasts took place twice at 12:32 and then the big one (by @SeekingAlpha) at 12:40. Coincidence? You tell me.

I don't have an issue with the article--it actually made the stock better to short. But if you publish material on a company, talking about how good or bad it is, and you have a position in the company's stock--that would make you biased in your opinion (seriously, if you bought stocks in a company, would you then write an article about it that didn't put the company in a good light?)...I would have to question the validity of what was being written.

Read both the long and short article and decide (and I wouldn't necessarily believe the guy who wrote the short article when he said he has no position in the company stock).

BTW I am short this stock. Why, after reading what I wrote, should you beleive what was written? One: I'm not talking about how good or bad this company is, I'm talking about how this stock looks right now. And in the 30min and 1min charts the pattern looks like a bouncing ball, with each bounce getting smaller it gets close to its last breath (i.e. back to where it was before the first long article was published). Plain and simple the chart looks good to short (those who think this is a good company to invest in should want it to go down before the conference call at the end of the month anyway, buy more at a lower price and be in a better position when it takes off). Two: everything I wrote above isn't speculation, its what's happened in the past week with price action documented on any stock chart producing website and info you can pull from twitter about the timing of the twitter blasts on Wed. Three: You shouldn't believe me or anyone else, you should look at everything being said and find your own conclusions.