With penny stocks following the money flow trumps just about everything else. As I've said previously, even some of the best penny stocks out there won't move unless money starts flowing into it. The good news is ARSC continues to see money flowing into the stock. It traded over 1/3 of a million dollars today, nothing to shake a stick at as far as a triple zero stock is concerned.
Today ARSC made a few attempts at $.0004 before falling back. Its akin to a baby taking its first steps, she's going to fall the first few times, but when she finally gets it she's going to take off and you are going to have a hard time catching her. With the amount of accumulation going on with ARSC, when the stock finally does begin to walk, it will take significantly less volume to move it.
Today ARSC breached its 200 DMA. This is bullish for the stock and experienced traders will view it as a buy signal.
I have seen it all the time with a triple zero stock. It can take a few days worth of accumulation before they move, but when the ball gets rolling it can be real fun to watch. Today's trading was bona-fide accumulation, with an enormous percentage of trades occurring at the ask. Could this be the start of the 6 billion share short position being covered? I think its safe to say there are many who are surprised at this stocks rally thus far, and stand to be that much more surprised as ARSC continues its ascent. Frankly there must be no one more surprised than the shorts who figured this stock was no-brainer. It looks like they were wrong, as are those who failed to see the potential this stock holds.
There are times to be buying a stock and times when selling a stock is the best move. The time to be selling ARSC stock was over the course of the last few years. With positive company events finally coming to fruition, as well as tremendous investor accumulation, ARSC has begun to clear its path of the obstacles of years past. Like a sniper in the woods patiently waiting, the target is fully in view, and the time to be pulling the trigger couldn't be any more apparent.
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6 comments:
Also they copied this and tweeted it as their own. :-(
http://www.acepicks.com/arsc-follow-the-money.htm
A lot is selling @ 3, and volume is not big enough either. If it doesn't move to 3-4 range by noon, I see a huge sell off this afternoon.
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