RE:Looks goodmasfortuna wrote: Generally this looks good. It's been bouncing off that .29-.30 resistance for about 1 week which is where it was before it shot to .61 in 2 days. If you look at the lv2, there is about 800k of shares posted on the bid between .23 and .25. That's where our 2 friends 01 and 07 are hoping this lands before they rebuy. If they can't break that .29 next week, expect to see those bids go up to the .27-.29 level. Incidentally we jumped from .23 to .29 in 1 day so if .29 breaks they may get their wish BUT it won't stay at .23 for very long so anybody long on this really shouldn't care. Well that's it for tonigh. I will post in about 3 days.
Icsfa I think your 10 000 number for retail users is low. Check that again...
Mas
I'm no pro trader or investor by any means but it seems like with the short position decreasing Jan 1, the sp being in the same range, and the remaining shorts not successful in getting below 0.29 really that it might signal a bottom for now. Obviously they can dump all their shares at a lower price at any time to scare more rookies out of their positions but it seems unlikely and risky at this point. Would be dangerous shorting in the low 0.20s imo so if it gets there then that would definitely be the bottom.