My brief Analysis on ILIV:
Current PPS: .0051
ILIV's charts are looking more stable now that the manipulation has slowed down quite a bit. RSI is just above 40 which is good. In most proxies we are generally still in oversold territory. However do not be fooled by this, oversold does not mean there won't be substantial selling as the PPS increases as it did today. There will always be profit takers regardless of how it performs. The 200MA is down below at .003 which will be our continued base. As per my last analysis it was at mark .0029 so we are showing a slight incline there. The 50MA is sitting up at .0083 which will be a very hard resistance point to break through. In all honesty I don't believe we will be seeing that soon. This stock just doesn't seem strong enough yet. The reason I say that is because of today's performance; we couldn't hold around .006 which was our main resistance today. We had tremendous buying pressure but this couldn't break through let alone stay up at that PPS. Along with that (as I stated in my post during the session) the Ask at .006 was being reloaded meaning that when the quantity started to drop, the MM's were putting more shares at that mark. In other words there was no chance in this pushing through it which is why I sold at that time and encouraged others to do the same and buy on the dip (which dipped about 17% when I warned). I believe we may see some red in the AM unless we have some serious support at .005 We need this to hold there, if it doesn't be prepared for a possible drop to .004. The main issue that I see with this stock is that promotions are never a good thing (and I am personally not a fan of them). I've seen good stocks go bad because of them and the shareholders prior to the promo are the ones who get it the worst
All in all, ILIV is a good stock and I'm happy we finally got a few white candles after all the red ones but I am very weary that this is getting promoted even going into the LOI deal. I day trade and flip so I'm not too concerned about my position and what it will mean for me but concerned about everyone else here. Just stay focused, don't get caught in the hype and pumping. If the PPS gets to the number you were waiting for get out, sit back, re-evaluate and then get back in. That is the safest and most logical way to trade. If you miss a few green percentage points oh well. It's the point that you are trading without emotional attachment. That is the key.
I apologize that this analysis included some "heart" in it but I know some of you appreciate the honesty and integrity of my postings. I will try to continue posting throughout the day like I have been. Hope some of you caught my "Dip" post and took advantage of it! I'm here to help the ones who want it, let's make some money!
As always feel free to post questions and comments! :)