Place your buys 1/2 cent above the gapsGaps on daily candlestick chart - from close to next days' range:
.215 - .22 Feb 19 & Feb 20
.35 - .355 Mar 5 & Mar 6
.44 - .445 Mar 6 & Mar 9
Twice the price has gone back to .445 - Mar 19 and Apr 2 with high buy amounts at .44
For those of you looking to buy more then place buys 1/2 cent above lower gap price...
e.g. .22, .355, .445 as to fill the gap needs only 1 share to trade there and I have seen
price drop to a low gap price fill one order then move up.
After all the shares sold at higher levels it is hard for me to believe that the .215 gap will fill
anytime soon but I can see the .35 gap filling especially if more share selling is done by
warrant holders. The current double bottom at .445 may be the bottom but Elliottwave
rules would have Wave C correction go below.
Some don't believe this type of technical analysis works on these microcaps but when one
trades in the millions of shares like this one then the human psychology kicks in and the
big traders will use fib retraces and gaps.
In my early days the huge drops would scare me out - now I just apportion my buys on a
stock like this that has a business in a highly lucrative field. I keep a core position and I buy and sell traders at the gaps and fibs. Until management shows me that their plan is not
feasible I will stay with it.
Old people and drugs unfortunately seem to go together and here in B.C. - a retirement capital of Canada. Vanc's list of approved drugs are the most popular. We have a London Drugs in our small town and surrounding area of 8-10,000 people plus we have an independent drug store that had 2 pharmacists and a few sales clerks 15 or so years ago and now has 12 people working daily in it. The next nearest town 15 miles away has the hospital and 4 drug
stores. Further up the coast is another little town with a drug store. For a population of
about 30,000 our pharmacists are kept busy.
Cheers