Post by
rborhi on May 21, 2009 5:50pm
What I like
What I like is that this stock was trading at 9 to 13 cents with over 20 million shares traded.
As it's come down, it's done much lower volume, so most people are still holding those shares bought over 9 cents.
If it was an artificial run, there'd have been a rush to the exits now and a retrace back to 3 to 4 cents on high volume.
Seems to have good support at 6 cents with noone wanting to dump their shares, so I'm waiting for news. My guess is something leaked out early and buyers are holding back to rake in shares in this price range until the next run. Just my opinion.
Comment by
stranger2 on May 22, 2009 12:25pm
Strong support at .06. Buyers consistently stepping in at .065-.07. I agree that there is something up here. Patience.