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Cassandra

03/16/14 11:38 PM

#115590 RE: Scotchy #115581

Scotchy: You just learned an important lesson when trading penny stocks. Do not rely on closing trades to determine if a stock actually traded up or down for the day.

A stock can trade down most of the day and have a tiny EOD paint job that causes it to look like it actually traded up. When this is done day, after day, even a heavily diluted stock can have a rising ADL, even though the opposite is the case.

I suggest following iHub's daily trade list if you don't already. You will be able to see the buy vs. sell volume as it occurs and at the end of the day:
http://www.otcmarkets.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=1345841675

Additionally, the VWAP (Volume-Weighted Average Price) is a much better indicator of what is going on with OTC stocks than the closing price. The VWAP for Friday was $.0004, not the closing price which was based upon a $50 trade for 100,000 shares at $.0005.

You can find the VWAP in the quote boxes of the two charts shown in the PVEC iBox. Here's one: