AS: 800,000,000 OS: 586,146,850 Float: 498,313,247 Float was decreased by 30 million between Jan 1, 2009 and March 31, 2009.
How often do you see floats decreasing these days?
Last Ari Bass shell play went from .0006 to .14 cents. So you dont have to get your calculator out that is 23,333%. If POPT run a fraction of this its a huge moneymaker.
The stock essentially moves on air. Just look at the movement of the last few days when real buying pressure came in. I have a link to my chart that I follow for POPT below and I want to point out a few things on it. Number 1 my channel was developed by connecting the two most recent peaks. The lower support portion of the channel is just the same line copied down to show a line the stock should hold for continued health. Number 2 i'd like to point out some specific days. December 30th, we had 10.7 million in volume and a low of .0004. This was clearly a shakeout as anyone who watches this stock close enough can tell you. I personally watch this stock on a daily basis and know it very very well. The second day id like to look at is is January 4th. This day opened at .0005 and moved to .0007 on 970,000 in volume. Thats 40% on no volume. The third is January 16. We had a very interesting day here. Stock got down to .0005 in the morning and ran to .0011 in a matter of about a half hour on a volume burst. Oviously it pulled back to .0008 by the end but the run to .0011 from .0005 shows how tight this really is. Ran over a 100% in a half hour on just a blip compared to whats coming. Moving on from specific days, number 3 are the glaring positive divergences going on. The CMF right now is a massive beast. Clearly we have a major divergence going on there. Also the other 2 I wanna point out is the momentum divergences. We have a positive divergence in the RSI and a nice positive divergence in the MACD. Price is going sideways, indicators forming higher lows. Overall, as I said I watch this stock on a daily basis and I know how easily it moves. The prices here are about done.
The chart is really looking primed and combined with a tight float that generally means some big movement. Coupled with the fact that once Ari Bass starts putting out the details of the company that is reverse merging into this and this will explode.
This DD was compiled from a number of posts which I thank for help adding to this post. Prices here are about up. The time to get in at this price is about up. I know whats here. Others who are more experienced than I know whats here. This is the ground floor of the move that's about to come. Nows the time to get in if you wanna ride the wave.
The chart is really looking primed and combined with a tight float that generally means some big movement. Coupled with the fact that once Ari Bass starts putting out the details of the company that is reverse merging into this and this will explode.
POPT - I missed the tape today but from what I've seen, this float is highly bought out (effective) - and there's no dilution. The only thing holding it in the starting gate now is flipper. Hold those shares and this thing runs hard.
Bottom line a full major Golden Cross is just completing formation as of today with the 50MA just slightly crossing over now. Just a matter of time imvho. gl