Replies to post #7238 on Burned Media Ltd (BUNM)

[clarity789]

Sure wing - and I admit I know nothing about the company or the fundamentals.

My database was last updated in May, and BUNM had an OS/float of around 485 million at that time. Now 4 months later the Float is nearly double, and we have an early warning alert for dilution/shorting.

Its important to keep this perspective - the dilution/shorting has already occured... now watch and see if it continues.

Ouch-point for shorts is .0005

Ouch-point for investors is Base Support (.00028 trnslates to .0003)

That is where the battle will be fought, and it is showing dramatically in the support/resistance Double Dueces.

Since BUNM has shown they do dilute, that must also be factored in. 0.0004 and above would be their target, so watch volume closely... trades larger than 1 million shares....

In this case, company dilution runs contrary to the shorts desires... a funny way to say that dilution is your friend right now.

On a higher note.... you could break the .0005 barrier and cause a Fibonacci Ripple. The Base Support has dramatic gains over the last week, with strong volume and a rising PPS... could pop.