We can get a bounce to 0.68 but this can still be considered a back test so I think we'll still be under selling pressure. Personally, I think we are going to need confirmation that this stock is in a up trend. When I saw the stock not open above 0.68 for the week that was my sell signal. I'm staying on the sidelines until we get a close above 0.84...until then the stock has lost its direction.
Do you give any consideration to the AH trading, 2 weeks ago it maintained some positive mojo AHs which seems to give it some strength to fight the next day, past few days no trades AH, then weak performance.
Now i say i realize AH doesnt mean much, lol.
but im intrested in some comments.
Sensitive aren't we? I bought between 28 and 31 and sold the entire position between 80 and 95. That's a little better return than you swami. I am back in between 59 and 67. I am staying put, thank you. Your advice is woth exactly what I'm paying for it. LOL.
I guess all investors that trade this stock and make over 96% since Sept 14, 2009 should get their head examined for why they seem to make a profit using technicals while others wait on news ...and don't.
<If we do not close above 0.63....HYTM as Rocky will turn into HYTM as a punching bag....>
Mango, it looked as if the retail buyers pushed a brief early rallt to $.6272, but the market makers said, "How dare you!", and punished us all.
I don't think the MMs are looking at technical support/resisitance levels, but merely manipulating the stock price.
Also, some buyers of earlier cheap shares are probably being spooked.