Yeah it really looks like the selling pressure is softening. I really think that the next time it rises it will won't take near the volume and should hold nicely. Strong Longs are in control finally. The days in the.40's is nearing an end. I think next week we close a little above .50 and just keep moving up. You can just see the bid size increasing and it takes longer and longer to fill because of the volume. They will lose patience and start hitting the ask price.
Didn't get the bounce I was looking for. Hope I am wrong, it might stay in the 0.40s for a while. Some institutions are still selling albeit slowly. Little good news is that there are some with new positions and most holding.
You guys live a dream world, investing in penny stocks. FSNM got their NASDAQ de-listing notice on 12/18/09. It's been two months- the stock has gone nowhere. They will be taken over before the end of this year.