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Re: dippyfloppity post# 20471

Friday, 12/19/2014 1:25:58 AM

Friday, December 19, 2014 1:25:58 AM

Post# of 24848

Good consolidation today. Building support for future runs up.


I agree. But not just for today. The past 4 days have resulted in MORE shares traded at the .13x levels than we had shares traded at the .11x and .12x levels combined over the past 5-6 weeks. As much as we had been cautiously optimistic that we have left the .08x-.09x levels behind us for good by establishing a nice base at the .11x levels, I actually am even more optimistic (albeit even more cautiously as well, LOL) that the past 4 days have enabled us to build an even stronger base at .13 than we did at .11.

But the next few days and weeks will be the true test. Can we climb higher with volume? If not higher, at least continue consolidating at the current .13x levels? Worst case scenario would be to breach .13 on a consistent basis to the point where the total volume of these sub-.13 shares begin to become a large number…