Sarissa Resources Inc (SRSR)

[es1]

Yes it was and yes we did break through it. On weak volume with no follow through.

I realize what you are trying to say and yes it is very awesome that the .018 was broken. But it is not the first time and wont be the last.
Look at the chart below and look at how many shares are below .014.


Not all those shares will be flipped but most will. That is a hell of a lot of volume to go through at over .018 before the PPS can climb up without a retrace.

There will be quite a few days where you can flip above .018 and reload under .017.
When the news comes and it produces an average daily volume of 1+M a day the time to flip will be on hold.

But you can count on a retrace every few days IMO

When news comes it will be time to watch and evaluate where the PPS will go. Until that time it is a great time to flip SRSR

Longs just need to wait a while longer while the flippers build up the PPS
Best things longs could do is buy above the resistance and entice selling from flippers. If the longs buy up the flippers ability to profit on a reload they will hold for the next bump up.

But the stock needs volume over the .019 PPS