Imagination TV Inc. (IMTV)

[jomama454]

There hasnt been any panic to cover yet. A spike is usually from shorts getting caught with their pants down...then it settles into somewhere between the support and resistance.

IN THIS CASE, there has NOT been a true test of support yet on these light volumes. What I want to see is 20% of the Issued shares traded daily to establish a true support and resistance.

The charts are smart as to say what happened and why with news etc. In this case, there was a lot of buying at sub penny with rumors of something big. The share price went up, then we found out of the Share increase or dilution, then it fizzled out. Now there is a feeling of Dilution which surprises me of having to do so in such a short time from the last dilution. If we had some communication on actual share count after the deal it would help.