Bang on predictionsThis was a number of weeks back when I posted this (below), it is playing out to a tea, so far, congrats to those who bought on weakness, however where the SP is now, I would be very careful......bad news and this will be sliced in half real fast JMHO
Here's the post:
"I think we will heading down further this week. .38-.42 range (one more shake.) Next week will start to move up.Speculation before news should move it up to .55-.65 range. JMO"-risensun
Finally, someone with a little common sense with probably the most realistic scenerio I can fully adhere to and agree with. As we sit back down to almost 0.45c despite all the "experts" here claiming the bottoms is in and buying at 0.45, most people here do not realize how much speculation has been drained out of this stock and after half the holes coming up disappointing, once bitten twice shy, many now rather patiently and intellegently sit on the sidelines and wait for results, I believe risensun's theory is as close as you will get to a run up, prior to news anyways, as you must think also in percentages
To simplify, think about this, from 0.90 down to 0.45c you have gone down 50%. However, 0.45c to 0.90c is a 100% gain or a double, here in lies the problem, the road back up is much more challenging as the fundamentals have really damaged the technicals here, all these "new shareholders" in around these current levels and considering the unsure riskier state unlike before the first round, will probably begin selling off maybe 35-30% if you're lucky, perhaps 20% (now commissions are lower than ever, changes the dynamic competitiveness of trading)which would be a selloff around 0.55-60c and back down again.
So, in other words, the reality is these remaining holes HAVE to be stunner holes as technically and fundamentally this stock is hurting and will suffer with a weak share structure via. more short term cautious investors