Replies to post #7620 on PositiveID Corporation (fka PSID)

[Robsct]

The investor psychology behind a triple bottom after a steep decline is that when the pps bottoms out the bulls start buying and it starts back up...then disgusted sellers come in selling on the rise...the ones who got creamed in the decline...and it bottoms again...and the bulls are still buying and it starts back up again...if there are still disgusted sellers left then there's another wave of selling and it bottoms again. The bulls are still there and it starts to rise again. A triple bottom is very bullish because the sellers have all been shaken out and are gone by then...and a 7 month formation should be very powerful. The impending contract news is going to keep fueling PSID.

Good luck with your "lower channel", that's not in the book. Consider buying back in maybe?

As Sgt. Shultz said "I know nothing...nothing"

JMHO

[Pisd]

Hello,

Actually the price action should be a lot worse if we are just systematically being ripped off by management. Thanks for the warning, though. I'll be wrong, of course, if this breaks below 52 week low.

Now, holding on to a technical support level. I am usually a fundamental investor but when price discovery is difficult, technical trading rules the day. I don't mind shaking out weak hands on news that will not affect us for a while, not before a likely decent balance sheet this quarter. (which will come before any stock splits).

Best of luck to everyone, sellers and buyers alike,

Thanks

[Robsct]

I was thinking and on top of this post I'll say this...

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85968379

On top of that is the fact that even if Ironridge blows into the float 100 million shares that's less than $2 million dollars for PSID. And they have $5 million in already arranged financing from Global. Bill doesn't need to burn 100 million shares to keep the doors open. It doesn't make sense...like a lot of things lately. Couple that with the fact that the MM's have been gobbling up every share they can get their hands on without complaint and trying to shake us down ever since the Boeing agreement was announced. Then it dawned on me. This is the only government contract that will be awarded this year. Who is used to making a buck or two on government contracts...the ultimate insider trading? It's powerful people who already know how it's going to go. It's Congressman and Senators. That's who Bill is blowing all those shares into the float for at 2 cents. He wouldn't dare say no to them. Everybody wants in because this is it for this year. I bet our fearless leader wants 10 million shares for himself!