Replies to post #9377 on Provectus Biopharmaceuticals Inc (PVCT)

[Leave_the_gun]

I'm not convinced that there will be either. If this was a pump-n-dump, the volume leading into this would have been much much higher. I think this is accumulation.

And if there is selling (which there's bound to be eventually) it's not going to be a massive selloff. This has been a nice, steady climb with average volume. This doesn't look like manipulation.

[bombaytonic]

I agree - I flirted with the idea of selling and buying back thinking there will be a selloff but I don't believe there will be much of a substantial buying opp. Short lived and not deep. The way this is trading tells me that the big sellers, the sellers that matter (Maxim), expect higher prices. Maybe something has been telegraphed. However, you could argue that institutional sellers are on vacation and may not want a taxable event a week prior to the new year. The shorts do continue to short at around 40-50% of daily volume so Maxim and their cronies could be shorting into a massive conversion so they can book profits on both ends. Time will tell but I think we are in for a ride into the .20s.