AI
Tuesday, March 06, 2012 10:07:45 AM
All I ever try to do Silversurfer1 is put things in perspective. No one can truly say whether or not a stock will run during an "awareness" campaign, but people need to know the risks involved playing penny stocks. For every awareness campaign there is most likely a seller. Key to a stock moving is how many shares does the seller have, what the floor price & terms are on these notes and if the promoters were paid in shares to promote. When you have too many sellers the exit door can become quite crowded. Remember a promoters job is to paint a pretty picture, so that people buy while the seller dumps his/her shares. Also take into account that it isn't the company IMO! who hired these promoters thus is why so far IMO! you have yet to see a pr from the company. IMO! The seller is The Good One Inc(found in the lastest SPAH filing) who most likely hired the promoters.
On the chart one needs to look at the accumulation, MFI(Money Flow Indicator) and RSI lines. These when pointing up show a run is possible. When pointed down it shows there has been selling pressure and could face more downwards pressure. Right now the chart is still showing a bearish trend. All indicators are turned down and RSI is still sitting in oversold territory and hasn't shown much of a pulse in weeks. The seller has been in complete control of SPAH for weeks now. IMO!
GLTY
On the chart one needs to look at the accumulation, MFI(Money Flow Indicator) and RSI lines. These when pointing up show a run is possible. When pointed down it shows there has been selling pressure and could face more downwards pressure. Right now the chart is still showing a bearish trend. All indicators are turned down and RSI is still sitting in oversold territory and hasn't shown much of a pulse in weeks. The seller has been in complete control of SPAH for weeks now. IMO!
GLTY
