Posted On: 02/09/2014 9:09:23 PM
Post# of 2561
PROW Daily Chart ~ A Nice Reversal Off the Lows on Friday
Actually, the stock has been holding the high .02s during the pullbacks since mid January. Rumors had it that some older note holders converted their debt to stock and have been selling over the last few days. That conclusion could be draw by looking at the large red candles of last week. Although there was a lot of selling, it appears that those shares were eagerly absorbed by those who believe that PROW is going a lot higher. Friday action in bouncing off the low of .03 and closing near the high of the day, was a strong indication that the seller(s) is finished. I added over 200k on Friday from .032 and up in the hopes that the two releases of the company entering an LOI for an acquisition will come to fruition. If so, I hope to see PROW take an initial run into the .10+ area. A close of .052 would be a very important indication that the stock is going to see those levels shortly. GLTA
Actually, the stock has been holding the high .02s during the pullbacks since mid January. Rumors had it that some older note holders converted their debt to stock and have been selling over the last few days. That conclusion could be draw by looking at the large red candles of last week. Although there was a lot of selling, it appears that those shares were eagerly absorbed by those who believe that PROW is going a lot higher. Friday action in bouncing off the low of .03 and closing near the high of the day, was a strong indication that the seller(s) is finished. I added over 200k on Friday from .032 and up in the hopes that the two releases of the company entering an LOI for an acquisition will come to fruition. If so, I hope to see PROW take an initial run into the .10+ area. A close of .052 would be a very important indication that the stock is going to see those levels shortly. GLTA
(0)
(0)
