Martin...I am really pissed/disappointed here at BRVO .0175 ...even bought a bit at .0235 yesterday. Here is what we have seen...followed with questions that we can't yet answer.
Yesterday we saw a 1.5 million share offer buy at the open...should have blown past .03, but sellers were waiting, and rest of day was sluggish. Was it orchestrated transfer [or] random weak hands looking to get out? One day not long enough to tell, but spiny had an interesting post on this.
Today there was no buying at the open...just a million share dump at any price...almost no buys to even sell into. Now BRVO is trying to base around .017-.018....the last of week hands? Let's hope so! We saw those even numbers of 1.5 million yesterday, then 1 million today? WHY? Fundamentals look to be improving. Where the hell are these sells coming from? I still see Penny4ever as an accumulator.
A P&D of course is an orchestrated short term event with a lot of false fakeout rhetoric, but even tho it may sound more like that duck at times, I don't believe this is the case here. A further drip in price toward .015 would bring the source of the quack into full view....a P&D duck, not a hunter accumulating shares/ducks with a duck call.
Now at 11:30 EST, I see a secondary dump towards .016....the inconsistency is deplorable!
A trite analysis perhaps.....but an honest one.
