Replies to post #4367 on Prospect Ventures Inc. (fka IVAP)

[Jungle_Trader]

MrBigz

What goes up must come down, especially with paid promotion stocks. I didn't miss anything. I hope you sold all at top and didn't hold the retrace.

[jimmenknee]

With all due respect MrBigz, the TA was artificially created by forced momentum-- the "natural" underlying fundamentals cannot support a sustained increase (with healthy consolidation) without the "wind." The volume indicators show the divergence during the runs-- especially during the 3rd one (dotted yellow line)...

Momentum/trending TA is not favorable-- clearly this 4th possible set up is not in the same position as the last three (dotted red lines). I say odds are in favor of a drift/drop unless news or another group push.

And I think the point being made is most shares traded during this promotion are currently underwater so this once again is following the pattern of perceived success amidst typical averaged failure. The war was lost intraday in the .06s and .08s in very few trading sessions as there was a lot of selling into the 2nd and 3rd runs.

Also noted an interesting dynamic on L2s EoD today-- ARCA went high bid ~2:30 w/ 50k shares and DOMS took the lead on the ask. There may still be some lingering leftovers :-(

[doogdilinger]

From .04 cents to .102 was a great 4th run on DUSS MrBigz...so congratz on yet another excellent call here cheers;)