Liberator Medical Holdings, Inc. (OTCBB:LBMH) Bends Beneath Its Own Weight

After an amazing run up the charts, Liberator Medical Holdings, Inc. (OTCBB:LBMH) finally had a more significant red day. The stock pulled back by a fraction of a percent on Thursday but Friday pressed LBMH over 6% in the red and shaved $0.15 off the price.

Worried traders and naysayers have been predicting a drop for a while now and considering the mad bull rush the ticker has been on for almost a full month, the pullback was not too surprising. Up till last week the stock had put on a lot of weight, gaining over $0.80 in a month with just two red days, with both of those under 1%. This kind of significant percentile growth with hardly any pauses and level weeks for the stock to catch its breath seem to have led to the pullback.

Liberator is far from being in a price spasm, at least for now. However, a Form 4 that was published last Thursday may have helped fuel trader anxiety further. A beneficial shareholder in LBMH, Millennium Partners, L.P., shed 215 thousand shares last week and the insider selling may have sent a ripple of panic through retail shareholders as well.

There have been no new press releases from the company and the most recent big filing investors have is LBMH‘s quarterly for the period ended June. The company’s fiscal year ends September so it may be a while before their next report is out. However, considering the strong results posted for the last quarter and the growth the company boasted, there should be nothing too bothersome in the 10-K.

Other big movers in Friday’s session include Pacific Clean Water Technologies, Inc. (OTCMKTS:PCWT) who gained another 7%, assisted by organized pump campaigns conducted by both Awesome Penny Stocks and Victory Mark – the two biggest promoter outfits. Provectus Pharmaceuticals, Inc. (OTCMKTS:PVCT) continued its run and managed to close another 9% up, clawing its way above $1 per share.