Post by
thewadman on Mar 26, 2009 12:44pm
Depth
Definitely another good looking day. There are 310,000 shares for sale at 8 cents. So it might take a little bit to eat through that but not much resistance on the sell side otherwise.
Worst case, there is good support at 4-5 cents on the downside but I don't think its headed there anytime soon.
GL
Wadman
Comment by
DrGeorge on Mar 26, 2009 12:58pm
I disagree. I think as soon as a few investors start chopping down the 8's,there will be significant buying and asks will be pulled.Remember, yesterday somebody opened by buying 200,000 shares.There is significant heavy hitter involvement here.It will only take a few to start hitting the 8's IMO.And what?It only took 1 hour to confirm my last post on the 7's...