Replies to post #50038 on Mike The Pike Productions Inc (MIKP)

[cowboys9to81]

If Mark was dumping shares, why the uptick?

Sorry to see you go, hopefully this moves next week and you can come back.

[JPS02]

Your posts were more positive before, not sure why your tone has changed.

There was dilution of approx. 3 million shares on Friday if you look at the green portion of the volume bars on the old ihub charts. Not sure if it is Mark who sold.

What is more important are the following points about Friday's trading based on my analysis of the daily chart only:

1. Approx 51 million all buys after 1:30PM EST - it could be that someone/trading team wanted to get in fast

2. These buys caused the OBV secondary indicator to shoot up indicating institutional or registered shareholders buying = good sign because it is not just retail buying which also increased (see Accum/Dist indicator)

3. ChiOsC indicator rose sharply indicating MM's went long as a result of this buying = good sign

4. RSI, Stochastic, Williams and Aroon indicators woke up to this

5. CCI is pointing on a nice North East angle which I think indicates more pps rise to come

6. CMF is building a bigger positive base as a result of Friday's trading along with the MFI entering its top portion

These are all good signs. Let's hope next week brings more good trading and we can sustain this start.

GLTA!