It wasn’t gravity that pulled us down…
actually, we were pushed down. You may want to pull up your charts… here’s the story.
After Thanksgiving we decided to advance in price after bottoming out at .0025 three times and promptly got slapped back down by the 50MA. Then somebody decided to throw a pre-Christmas pump & dump party, invited a few close friends to our house, partied, and gave us the house back the next day without too much damage. We too enjoyed ourselves and recovered quite nicely, got back on our feet, this time finding Support, not Resistance, at the 50MA – a place we had not been for several months. We’re no doubt feeling more confident going into Christmas and advanced to .006… and wouldn’t you know it, the 100MA greets us and pushes us down welcoming us into the New Year. Thanks a lot. The 10MA sees what’s going on, wants to show off, and tells his big bro “Take a break… I’ll push ‘em around awhile until they’ve had enough. No sweat.” After a few days of trading we had enough, Closed above the 10, and the next day Closed above the 100. And after a couple days of promising daylight the 100 and 50MA’s didn’t like that too much and are now back in control and once again pushing us down, but… we’re making higher lows and today we Closed just above the averages once again. You decide whether to hold your breath or not.
These two guys pretty much have their way right now and are making themselves, present… however, I think we’re handling their Resistance pretty well since the pump & dump party. We’re fortunate that our PPS is dealing with Resistance forces, and thankfully, it is not looking for Support.
So how does this relate to our dilution problem?
Each of us has our own assessment of the dilution fiasco that has drastically affected our PPS for the last 6 or 7 months. But what seems to me is that its effect is not as substantial now. By that I mean we’re being pushed around by Resistance forces that we’ve not seen in quite a while… and we’re pushing back quite nicely since the party. And eventually someone’s going to win this pushing match.
Since the New Year, we’ve found some strength somewhere and I have to think that the dilution pollution affecting our little Company since last summer has had a couple of its valves closed lately and its effects will slowly diminish and finally clear out… but you be the judge of that.
That said, I like how our PPS is now reacting to tough Resistance whereas before Thanksgiving dilution had its way with us and we were begging our PPS to meet meaningful Resistance. And if we hang tough and bust through this New Year’s Resistance, we have to be resilient enough to meet our next level. At that point we’ll see just how tough we really are and hopefully, with a little help from our friends, finally see clear skies.
