True, you do need volume, but when looking for plays, you look for indicators, especially ones that suggest a possible reversal or bounce from a low. This stock has hit and held (for now) at the 200 moving avg, which means a POSSIBLE bounce, one that can be played if volume increases. Since this stock does spike on volume occasionally, thats what you are looking for in a penny stock. Therefore, this stock goes on a watch list to watch for the bounce. So, yeah you're right, right now there is no volume....so? If it bounces with volume...I get in, if the support doesn't hold...I don't. If I were a long, and I have already admitted I am not, but if I were...I wouldn't be overly concerned about the current movement, since it's a natural response to the high a few months ago. Eventually the low will reverse and will go back the other way. This is what charts do otherwise there would just be a flat line. As long as financials are good, debt is EVENTUALLY paid, and they increase profits, the price will eventually get to where it belongs. The CEO could probably do a better job dealing with his investors, such as setting up occasional conference calls to assuage fears and answer investors questions during times of slow news cycles. Other than that...it's too early for the longs to be concerned. You are listing issues that if true aren't great, but they are also common. This is a penny stock after all, not APPLE.
