Replies to post #25801 on lowtrade

[lowtrade]

PCFG

Strictly the chart , IMO the story means squate at this time. The key to this one was loss of it's following. Yesterdays volume & price action was a get attention act, You can see this verified in todays 16% with under 1 mill traded so far. The following has not caught hold. Expect this bought run will draw more attention tomorrow.

While I like the company actions, These price moves are all about VC funding shares being sold. Not any success the company may or may not be having. But if the darkside finally decided to buy the run this long out, I expect they were waiting for inside info which would produce a PR emotion high again. It's been 3 weeks since news and the last PRs were hardly event hype, let alone news.

News does trump all. And since the VCs haven't supported the retail interest level fall (seen in the low volumes) and price decline for so long. I expect there was no good news setting up on the CEOs desk until now.

As with all these OTC stocks, first comes the bought run, then when needed the PR will hit. This combo continues the emotion and run. See it all the time. Watch the chart action, forget about the story. Volume is what is wanted and needed now. Not news.

When you see daily volumes remain over 1 mill a day. Thats when the real action will take place. Remember big guys want 1 mill average daily volume to play single zero stocks. Till then there is not enough retail interest and money around for then to really unload the large amounts of shares they have for sale!

This is the OTC game being played here, not a picture of a successful company. It's all about companies getting VC funding to grow and VCs making big profits for the money given. The last climb and dive was about this and the next will be also.

Long & strong on the PR story sucks. Swing trading the darkside is were money is made. Just look at the chart. The run, dive and 1 month channe, that losts traders interest. The second month lost longs and now we're back to where it all started, price wise, before it starts again. This is a darkside game!

One can only hope the second go round will be as strong as the first. Take profits when they present. Sell at stall points. re-enter on continuations. Once you see a high candle exhaustion spike, the VCs will have sold what they wanted and a retrace will follow. Because they are no longer selling to the emotional retail herd.