Tuesday, July 26, 2011 11:25:09 PM
At least they admitted that I was right last week when I stated BNPD was in a downtrend. Has been for about two weeks now. I also stated about the paid promo that appears on posts on this board that creates those spikes and was right when I stated that it was at the top of one last Fri and many technicals were indicating another dip. Exactly what happened. Also went lower on higher volume.
This thing is forming similar appearance to a Pump and Dump chart with lower highs and lower lows. Coming down to match the last longer term low of about a month ago. Problem is is that time it was above the 50 day and bounced off of it, now it has plunged below and with it has many negative techs where they were positive for that last low. Plus, many are just getting aware of the paid promo tactics and MOMO is more scarce.
But shorter term 5 tick trend candles definitely show downtrend and the only thing BirdPooStock is going to do is maybe get another spike to sucker some into buying their shares. Maybe good for another day trade if the birdpoo can pull it off.
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