Pervasip Corp. (PINK:PVSP) has made a huge gain in the last couple of weeks. After what seems like a reverse head-and-shoulders pattern formed on the chart the stock received a strong bullish impulse and over the course of three weeks jumped up from $0.006 to $0.023 for a total gain of 283%.
After PVSP broke through the so called necklace of the formed pattern the trading volume also bulged up significantly. The last trading session PVSP generated a volume of nearly 2.5 million shares, of which 1.3 million were exchanged in short transactions as reported by FINRA.
The climb of PVSP was sparked by the announced in November retirement on $400,000 worth of outstanding convertible debentures. The 
announcement stated that the buy back program had been initiated by a private investor called G3 Connect LLC.
After the end last trading session, which finished with a 22% increase in PVSP share value, the market was hit by a promo letter issued by 007 Stock Chart LLC. The promoter mentions that he had been previously compensated for the awareness of PVSP.
After such a long lasting climb, market speculators will likely become wary of signs for exhaustion, especially now that PVSP has just broken the 200-MA. The paid promotion may also have a surprising effect on the stock.
