Sona Nanotech Inc C.SONA

Today has been a nasty day

[oxinos]

It has been making ever lower lows as the trading day progresses.  How is it going to go?

[oxinos]

I meant to say how low is it going to go? It is really scary when a stock is trading at the low end of the trading range and keeps going ever lower. Is anyone expecting to see below $2.00  by tomorrow or the end of this week if we don't get some good news? 

[stingray88]

This stock has always been manipulated. Remember when they held it at $10 for weeks at a time? Then $8 for weeks at a time. The bid and ask are always moving in concert. Last week we had a breakaway from the pattern but it general it's more common to see penny spreads . You would expect this from a .20 stock but not from $'s stock. I dont see too much from this company besides a trader

[stingray88]

You telling me someone is actually trying to buy 100 shares at 2.56 but not willing to take out the 100 shares at 2.57 ha ha. If thay $1 is a deal breaker, you are in the wrong business. It's just fake!!!!

[Chyler1]

Gap fill to 1.60 would be my guess if $2.50 does not hold....not going to be any news for quite some time in my opinion so chances are good we are going to get that gap fill......still overbought on the RSI and Stochs

[LongOnSona]

In December the share price was kept low by end-of-year tax selling. But in the last two weeks of December, the share was peaking at more than $1.70; I think it would have reached $2 in January without news.   Acquisition of the CE mark was very good news and Sona tested above $4 and might have stayed near $4. With a jump of more than 150 percent, one has to expect some profit taking. It may

[pecuniam]

Coasting back to $3 makes the most sense short term.

[Chyler1]

Yah the shorts have to get that gap closed then pull that rug out again to trap a few more fresh faces