PMCM Daily Chart ~ A Huge Move for Some, A Possibl
Post# of 2559
Posted On: 03/02/2014 2:53:43 PM
PMCM Daily Chart ~ A Huge Move for Some, A Possible Disaster for Others
I had some requests previously for PMCM in private messages but never posted a chart on it. I got four requests this weekend for some thoughts. First up, I never bought into PMCM. Some friends did quite well with it while I watched this bloated piggy move from the .0002/.0003 to as high as .0047. When the company raised their AS to 25 billion the afternoon of closing at .0046, I told a few that the pump is over for the short term. Since then, the stock has fallen almost 70% from the high. But I was told it won't matter because PMCM is going into marijuana. Yeah, so are hundreds of these pennies but I can't find any with an AS of 25 billion shares. So the prudent move was to sell. Trading 1-3 billion shares daily was fun to watch though. The FullSto and MACDs are in a sell signal but news could reverse the carnage underway. Even if the chart resets, I personally will be watching again. 25 billion shares! Wow! GLTA
I had some requests previously for PMCM in private messages but never posted a chart on it. I got four requests this weekend for some thoughts. First up, I never bought into PMCM. Some friends did quite well with it while I watched this bloated piggy move from the .0002/.0003 to as high as .0047. When the company raised their AS to 25 billion the afternoon of closing at .0046, I told a few that the pump is over for the short term. Since then, the stock has fallen almost 70% from the high. But I was told it won't matter because PMCM is going into marijuana. Yeah, so are hundreds of these pennies but I can't find any with an AS of 25 billion shares. So the prudent move was to sell. Trading 1-3 billion shares daily was fun to watch though. The FullSto and MACDs are in a sell signal but news could reverse the carnage underway. Even if the chart resets, I personally will be watching again. 25 billion shares! Wow! GLTA
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