31,404,175 shares registered for sale by J. Thomas
Post# of 56324
Posted On: 07/29/2014 11:40:29 PM
31,404,175 shares registered for sale by J. Thomas, effective date July 25, 2014
We will need to watch and see if large block shares are placed into the market on tomorrows open. This is likely if the MMs have the shares currently in their inventory. If we see a significant drop in PPS on tomorrows open it will be because MMs anticipate volume to absorb some of these shares. Clearly, this would impact the current increases realized in the last several days as selling pressure drive PPS. The last three days trading shows a PPS base price at .0509. Also, signalling an uptrend the 5 minute chart shows a triple bottom indicating accumulation has been taking place. Low volume occurring at the third leg bottom followed by a volume increase on the third leg up (like we saw in today's volume) indicates a rally. Watch for top leg PPS at .0595 - .0612 and a close above .0612 would indicate a breakout.
The MACD continued trigger crossover indicating a likely test of the 50SMA tomorrow and RSI is still not in the oversold range.
We will need to watch and see if large block shares are placed into the market on tomorrows open. This is likely if the MMs have the shares currently in their inventory. If we see a significant drop in PPS on tomorrows open it will be because MMs anticipate volume to absorb some of these shares. Clearly, this would impact the current increases realized in the last several days as selling pressure drive PPS. The last three days trading shows a PPS base price at .0509. Also, signalling an uptrend the 5 minute chart shows a triple bottom indicating accumulation has been taking place. Low volume occurring at the third leg bottom followed by a volume increase on the third leg up (like we saw in today's volume) indicates a rally. Watch for top leg PPS at .0595 - .0612 and a close above .0612 would indicate a breakout.
The MACD continued trigger crossover indicating a likely test of the 50SMA tomorrow and RSI is still not in the oversold range.
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