ugh - new 52-week low Wow, this one had shown consistent resistance at 0.085 with only short flirtations but now settled at 0.080 at the close with a sharp move down at the end of the day. There wasn't a lot of volume so I can only assume the drop was due to a lack of buyers willing to buy in to more stock even at these depressed levels.
The trouble the stock is in right now is there is no resistance to further moves down right now which is a very scary place for a stock that is already 90% down from its price in July 2010.
I am hoping that buyers will jump back in now and push it back up to 0.095 but it may not happen without more guidance from management about orders. I think everyone is very negative on alternative energy right now due to government cutbacks. I think this is all the more reason for the wind park operators to employ the Vindicators and increase power output by up to 15%. This will result in more electrical energy fed into the grid and will make the windfarms more economically feasible. This will be even more true once orders reach sufficient magnitude as to result in economies of scale and decrease the cost of construction substantially.
Right now I wait patiently. I might trade within the tight band this stock appears to occupy but will keep a core position until we are somewhere around .20-.25.