Replies to post #62415 on Rivulet Media Inc (fka RIVU)

[DarkKnight83]

Excellent Analysis! Luv the whale puppet! It made things clear for me! Rotfl!! I look forward to next week! Buy those dips ppl! BMSN is on the right track! Nice work Benny!

[Ulatec]

Wow awesome work there BennySlots !!!!

[Little_Giant]

Awesome whale, great analysis, Benny!

[The_Pro]

Also note "The Whale" kept well below the 13g radar nulling out the requirement of reporting the purchase and thus becoming a restricted stock. There was approx 1.3B shares back then. 5% would give 65M as a stop point.

Whale buys in for only 30M shares.

He'll be back on the dips. You can bank on that.

[Euripides90]

Except not ALL promoters were totally optimistic:

As I posted yesterday:

Euripides90 Member Profile Euripides90

Friday, April 05, 2013 5:12:46 PM
Re: None
Post # of 62456
From stockrunway:

We can see a substantial retracement after the $0.016 Triple Top, and the stock appears to have bottomed between the $0.004 and $0.0055 levels. Being that BMSN has traded in that range for the last 8 trading sessions and has produced 2 bottoming tails during that time, the chart provides empirical evidence which suggests a bottom is in place.


Here's what their probably most well-known paid promoter advised about the stock this morning.

In so many words telling subscribers to look for a breakout above
.006 and ride it to around .008, but if it fell below .005 to dump it "b/c there's no support below that level." So that's what they did. (Who knows whether also there were insiders who wanted to dump early on, but it would be illegal for them to plan a "Lure 'n Dump" as some here suggested.)

This is just plain wrong, however, as this stock has been nothing if not defiant of any hard and fast rules, earning Candlesticks for "can go either way" in a couple different ways, at least twice this last week alone.

While I'm ticked off I didn't sell and re-buy at the lows, I remain convinced this was a way for savvy investors and traders to load up, while some new to the stock were misled by this promoter who got paid for this. (?)

Twice now the stock tanked after "good news," first b/c of dilution, shorting and the usual resulting panic, now this.

NOT how to boost investor confidence, Koos!!! (Added: If you're going to pay pumpers pick enthusiastic ones who stick by the stock!
Instead of hedging their bets from the start -- which some do b/c of the conflict between their own track record and client loyalty. I can appreciate that, but in the case of BMSN where do they even get that there's no support below .005 when it's veered way below and back to around .006 on a daily basis recently?)

Bad enough to pay pumpers right when News came out putting the company into a solid light, but to pay one like this? Giving what's essentially a dump exit strategy if it goes below .005?


Now - onto the flight plan: How to trade this Well, the old school of thought says to pick your entries. Since we`re showing solid support within that range one could simply pick your entry point. The clear-cut breakout is above $0.006 which takes it above the range.

Our first target would naturally be the 50 day Simple Moving Average of $0.008. This is a 25% move off the breakout and potential 40% move for those picking their spots. Being that this area also converges with the 20 day Moving Average, it shows us ample overhead resistance so we have to respect that area and look for profit taking in that region.

The 10 day MA of $0.005 provides a safe area for stop loss as there is no support below that region. This is a risk/reward trade clearly in our favor. Keep a close eye out for early momentum by traders being the key.About Bio-Matrix Scientific:

Read more: http://stockreads.com/Stock-Newsletter.aspx?id=67767#ixzz2PcpR8xQI


TANKING THE STOCK TWICE AFTER GOOD NEWS~~

So it may not have been one whale (love the imagery though, great work on making this a fun presentation!) but also the subscribers of this paid pumper who dutifully dumped at .005 starting an avalanche.

Now, I wonder, was this pumper going strictly on "old school" numbers as claimed or did they have reason to suspect that at least one whale was going to dump? That whoever paid them (besides the company itself) was doing a Lure 'n Dump to get the opening price up? These are just possibilities that do happen in penny-land.

[porkypigg]

I've got my buy limit orders in :
.0039, .0036.and , if I get lucky,.0029
good luck to all

[PG]

Sublime!