PNTV Daily Chart........... Hopefully a reversal w

PNTV Daily Chart........... Hopefully a reversal will be seen very soon.

Is this multi month decline coming to an end? The last time a few of us began accumulating was back in late April and May in the same .06 area although a few friends were able to get some low .05s. After seeing a strong move into the .15s, the stock stalled again as shareholders were awaiting for management to execute on many of the projects they have been developing. Although the short term top was easy to call in the .15s, I sure didn't expect a fall all the way back to the lows of May. But that's what happens when a company misses dates and fails to deliver on the short term. As one can see, the decline was on fairly low volume with only a few days of more than 100k. Yesterday's move up of 20% was on just 45,000 shares. Imagine what will happen when management finally delivers on any of the long awaited projects. I've visited the company numerous times in 2011 and 2012. I very much believe that PNTV will be a great investment, but I have to admit that it's been a long wait. For those that have swing traded a few during the swings over the last 1-2 years, congrats. I wished I could say the same, lol!

On a technical basis, the chart still sucks, to put it bluntly, lol. The stock, though imo, is inexpensive in the sub .10s, especially under .08. There will come the day when the declining tops line will be taken out. When that happens, I believe a swift move back to the .15s and higher will occur. Of interest is the very strong A/D line showing the accumulation since May. The MACDs are coming off very oversold levels and set to confirm a buy signal. Although I like seeing a reversal on the FullSto from under the 20 line, it does look like it's getting ready to move up again. The RSI has been trending between 32 and 52 for months during the decline but appears set to break above 50 and higher this time.