RE:RE:RE:RE:Predictions next week?xchange wrote: rcash1: i agree that we're seeing support above 1.50 but the next real support level (based on my own research) is 0.80. Before the freefall we saw the stock fighting to stay at 2 (strong support level) but once it broke under about 1.95 it dropped like dead weight. I think a drop under 1.50 can have that same effect. Not that I want that to happen, my average cost is 1.98 =/
I think you'll see supoort step up shortly ,it's just adjusting to the dilution. There has been a lot of material events since .80 that should support a new bottom. If 1.50$ breaks you'll see support step in around 1.25 even though it's not showing on the charts . Seen this so many times . As soon as any stock retractes 50 to 60% in a short time period then u can almost count on a bounce . Me personally I feel like tomorrow will probably be bottom as warrants finish . After watching trading today support seems to show up just as the bottom looks like it will fall out .After that it should correct it self and trade sideways until March . I'm averaged in now around 2$ so if 1.25 breaks I know I'll be on the buy and that's one good indicator $1.25 should hold . I think anyway or I'll be liquidating other holdings if $ it hits under 1$