InvestorsHub Logo

Marxbys

07/22/17 2:35 AM

#36250 RE: Enrico87 #36248

Hey Enrico! Yes... crazy Volume lately. About 1.8 billion over the past 20 trading days. A lot going on here, notes converting over the past month, however heavy accumulation started shortly after end of 2nd quarter & has been through the roof off-setting the dilution. Huge large block institutional type buys & some days over 100mil on bid. On 6/30 Vert Capital acquired 20% of the fully diluted OS for the Poolworks acquisition making them the largest shareholder. News due on several fronts. The past 3 days we've seen cross-trades mimicking dilution & 0005 appears to be the bottom as today people were having trouble getting filled @ 0005. The past 3 days straight pps was actually stepped up right before the bell from 0005 to close at 0006. IMO it will run starting at 0006 but large bid sitting at 0004 & 0005 is preventing the run.
Good emerging growth company with huge revenue potential and solid ethical management. Below are charts & a report on the company. Take care my friend!
$MMEG
http://www.momentousent.com/pdf/Report_MMEG_31517.pdf

https://www.barchart.com/stocks/quotes/MMEG/technical-chart#/technical-chart?plot=CANDLE&volume=total&data=DO&density=M&pricesOn=1&asPctChange=0&logscale=0&indicators=BBANDS(20,2);SMA(20);SMA(50);SMA(200);ACCUM;CHKMF(20);CCI(20,100);SMACD(12,26,9);RSI(12,100);STOSL(14,3);PVT;SMA(34);PTP(50);PCT(20,0.20);TRIX(15)&sym=MMEG&grid=1&height=500&studyheight=200