Replies to post #3441 on Provectus Biopharmaceuticals Inc (PVCT)

[vorlon1966]

The rapid rise up was done by the same group. They made money suckering the momentum traders in then shorted it down. They came out of Toronto, Canada....I know who they are. If you are a short trader by nature....well that's fine....I would not suggest it at this moment but do what you do best. Cantor Fitzgerald likely will absorb most of it as they now have an interest in maintaining stability. Good luck.

[vorlon1966]

I am watching level two....Cantor doing just fine...the selling is coming out of NITE....I guessing that makes you Network One...am I correct?

[123tom]

Thanks for your comments Suberizdwrx,

I appreciate any info people share that offers insight into the game.

So, from a top zone at 2.75 , a 20 % pullback takes us to the 2.20 price point, which happens also to be a big support point on the chart.

It might be overly optimistic to expect a fall to 1.95. but stair steps at a time.... this short play was a good trade already, and beyond the 2.20 area is just being greedy.
BUT the bigger target low is 2.13.....ad IF that gets run through, we could possibly see 2 dollars as the bargain to buy.

Buyers will likely start stepping in ahead of 2 dollars, maybe 2.05 sort of thing.

Suberizedwrx, your analysis of PVCT is not really very correct. The 6 dollar surge was a severe pump and dump operation, to start with, but if youre simply playing a trade,its a decent short trade from 2.75 to 2.15. well done.