I'm back in I violated my rule of never buying/selling in the first 30 minutes of open ... and I paid for it a bit getting back in at 0..85 :-(
But, I'm still relatively happy. Last time I was in when the 21 DMA crossed the 50 DMA ... and made a nice little profit before moving on ... now that the MACD is close to being positive and the 50 DMA is about to cross the 200 DMA ... I'm back in for a little bit of a run.
Maybe nothing much happens for a while, but the momentum is set up for a trade. I don't use technicals much in pennies, but indicators and moving averages still tell a story.
I'm not disappointed by the news release. It's par for the course. I'm just in it for a short trade, hopefully back out by March 15th. I'll get back in closer to spudding of flami.
and if its a bad trade, I'll just average down, hard to see this thing stay below 0.10 for too much longer
Good luck all!