American Green Inc (ERBB)

[silkysullivan]

Pretty obvious when you look at the charts that the MM's picked the perfect time to open the trap door on Wednesday, February 20th. The price dropped like a stone. The fine folks who had just made some pretty mind boggling gains panicked over the prospect of losing their new found riches, and knocked over tables and chairs heading for the exits.

The panic spread and picked up momentum as it always does and the PPS fell to absurdly low levels. Both the price drop and the panic continued on Thursday as the former big winners streamed out the exit doors, some clutching gains, some sputtering out the water they now found themselves under; but at least they were no longer panicked, now just chagrined. The PPS recovered rather well as the MM's friends straightened up the tables and chairs and took over the spots formerly held by the wide eyed refugees.

Not sure what was coming next a more orderly abandonment ensued and went on for what is now 5 straight days of downward movement. Winners and losers cashing out together, and MM's buddies and smart money moving in. Does it stop tomorrow? I hope so. I think so. The stock seems to have a solid floor in the 7-8 range, but without news, who knows really.

My prediction is we stabilize tomorrow (Tuesday) and move up slightly after that, but mostly sideways until the company communicates with the market. There is enough money moving in and out in large blocks to convince me there is smoke here, and soon there will be fire as well. When news fans those flames up we go, and fast. All IMHO.