Imagination TV Inc. (IMTV)

[dmlabuda]

I'm afraid you're a long way from $0.07 now Spuds. Technically speaking it would be much more probable for the price to reach $0.0125 than $0.07 at the present time. First it will test the $0.0225 to $0.0250 area and it does not find support there, it will go lower. The double top accompanied by three bearish divergences is a strong warning of lower prices.
http://stockcharts.com/h-sc/ui?s=ICPA&p=D&yr=0&mn=6&dy=0&id=p52677956735&a=257286122&listNum=6

Those kind of chart patterns do not form unless there is distribution going on. This stock had a nice run up in price above its current real value and now it's time for a price correction. That is the reality of the situation and only the charts will show you that. You'll never read that kind of stuff in the news.