KingVegita2006 & ALL This is an important learning post. WITH CHART PS; imo this one hasn't worked
Now your cookin, this is a perfect example of the start, by a OTC:BB or pink company to sell shares to the retail herd.
I've posted about this pattern before; firsts the PPs is flat for a long time and there is very little news released, normally only financial news.
Then you will see a PR about something with stock being restructured to help shareholders.
Then the PR blitz starts, with PRs twice a week or more. Usually the first ones announce some form of company actions being executed, to make prospective retail emotional buyer think something is about to happen and to start to watch the stock and talk about it with others.
The insiders either increase the company A/S or O/S or buy back placing much more stock in their hands to sell to you!
All capped off with repeating (some times several times) the company is restructuring stock to help shareholders. and maybe another execution PR or two, before you'll see the buying pressure slope down, before the BIG PR comes.
The slop down in buying pressure, while the PPs continue to do NOTHING, is the signal to loadup for a BIG PR!!
Hope this typical Penny hype play info shows how to play it. Normally it runs big 3 to 4 days, retraces 50 to 61%, sometimes the PRs will stall while the insiders reload for a second round of a BIG PR to start the second leg of the play.
This point is where you can see if the company insiders, that are pulling the strings, know what they are doing. Many times they wait to long or don't wait long enough for the attention to arrive. And the second leg fails. That says time to move on, the players know how to work the PR story, but don't know how to time the PR cycle!!!
If the second leg up succeeds, you can expect a third and sometimes a forth. But the whole thing rarely lasts more then 3 months. Make sure to be ready for some fluff PRs or lack of PR toward the end of the PRing 3 month cycle. That will tell you when to move on before the dive/walkdown, long & strong bag holders start crying.
It's the game retail emotional traders play over and over and over. NEVER believe the PR story, play the PR cycle!
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