Well - is this "here we go again"? I have reported on this type of action before. If you can get charts going back to Jan 2017,May 2017,July 2017,July, 2018 and Jan 2019 you find the same trading pattern. As I mentioned before because the volume on each of those exceeded the FLOAT -(the stock available for tasing in the open market) it is not possible to think anything else but this is PUMP & DUMP trading, ALGO's etc. Look at the charts on those days above...in the following days the price fell because this action denotes scalping pennies all day long NOT investors adding to their portfolios. The one difference that I see now is the previous 10 trading days or so were by serious buy/hold investors as evidenced by the "Cup" pattern which was not seen in the previous episodes. I hold out hope those bandits are done playing games and we can resume what passes for normal. We shall see what happens in the next 25 trading days or so - the chart pattern will tell us. To repeat what I pointed out in the previous trading days is demonstrated again here = todays High 2.72 low 1.85 close 2.002 total volume traded 1,367,348 the Float is only 1,340,400 a clear market signal of Pump & DUMP/ALGO's running the show. BTW Short's at the beginning of trading today were 131,200 down from 165,000 on 3/11/19. It will be interesting to see how they made out. We should find out in a few days. All JMHO.
PBT Price at posting:
4.6¢ Sentiment: Hold Disclosure: Held
