RE: RE: Ok, forget everything elseCarboss, I need to bite my tongue when I even think of responding to you, but I will on this post.
You are already well aware that last week I presented my TA and said that a fail to break through $1.23 warranted selling off your position.
I then recommended that if one was still holding and the stock broke through $1.09, that $1.01 was the next line of resistance.
I then stated that if $1.01 did not hold, that the charts show (Fib lines) that .87 is the next line of support.
The stock closed at .98 today. One cent off the day low.
Every indicator I can produce on the charts shows me that the stock will continue to head down and that .87 is a definite probability.
Next part of the equation are the 35 million, 10 cent shares.....35,000,000,000....see all those zeros??
Yes, that is how many shares come onto the market THIS Monday at 10 cents.
Every indicator from what I can see tells me that anyone who sells earlier than later will be able to buy much cheaper stock after the 35 million have been sold off into the market.
At what price is that??? Hard to say, but I do look at charts and the 200ma is .42, so I would say that is a pretty good estimate...I would suggest that it would come in the form of capitulation.
Now put me on your poof ignore list because I really do not enjoy talking to such an idiot.
Mediascan