PlayBox (US) Inc. (PINK:PYBX) Ready for Shorting
25 Nov 2010

PlayBox (US) Inc. (PINK:PYBX) is strongly accumulating value this week, for no apparent reason. Maybe the shares could be just starting another speculative rise as traders get attracted by the previous performance pattern.

It looks like shorters made pretty nice profits from the action at the end of September and could be now starting a new game with the same rules. Yesterday, the portion of shorted shares represented “only” around one third of the total 62.7 million share volume, though on Monday it almost reached one half of all the trades. Another fact is that PYBX share price is surging up this week, and just like during its previous surge, this happens on no official news.

PlayBox has not published any current financial reports, nor released any other information about its business. In such cases, the most reasonable explanation for the moves in the share price is maybe a market manipulation. PYBX stock has a low average dollar volume and sounds attractive due to the switch of the company’s (probable) business to the green energy sector.

It looks like this is exactly what a promoter used to fuel the demand for his newsletter on Tuesday night. PYBX got promoted as a “Technical Trade” play promising again a three-digit return. The newsletter also said the company is ready to launch a big “strategic plan” very soon.

Shortly after the alert reached traders, also on Tuesday a DD compilation appeared on an investor message board. It spoke about PYBX “leading technology” to produce green fuel, supposedly ready for distribution by the end of the year. As the chart shows, on such reliable source of information PYBX got ready as well, to take off and to get massively shorted. The shares added 54.55% to their value yesterday and closed at a price of $0.0017.

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