Avatar Ventures Corp (ATAR)

[BlackSpoon]

My take on today:

There are many ways to interpret what happened today. The story I saw was this: AVVC began the day as an incredibly strong stock, but closed the day in shambles (the critical 1.27 support was crumbling at market close, and I expect morning panic). What happened? Promoters smothered the stock at 1.46, killing what would have been a gap-up, and then eating up 1/2 million share purchases in 10 minutes without allowing the stock to breath. Price per share bounced downward off this 1.46 wall, and promoters tried to catch it at 1.40/41 but failed. They tried building support at lower levels though out the day, but failed...and it looked to me like they gave up trying because I saw no more attempts to support during the last few hours of trading (though my attention was divided at this time).

Could this all have been orchestrated by the promoters? Sure. But like I said earlier today, I don't think it was. I don't think they ever had strong control of AVVC. The reason I think this is because I saw them get steam-rolled last week Wed/Thur and again today as their artificial support crumbled at different times throughout the day.

But the reason for the promoter's absence/failure is not important; what is important is that AVVC currently has no puppet-master, and without a puppet-master, AVVC is just another bogus shell of a company with no assets, no product, etc. (same as ALZM, KNKT, etc). Will they let it fall to .90 like KNKT before taking the reigns? Will they rip it upward tomorrow? I don't know. But like I said before, I'm on the sidelines for now, waiting for some clear indication that the promoters have control of the stock.