The BUY:SELL ratio was 6.707:6.715 ...It was practically identical. This basically tells me that the news really didn't impact the stock that much. People were still buying (including me, and from what I can see, about half of the trades as stated in the above ratio were BUYs). There is still a lot of interest in the stock.
So some people sold on the news...nothing new here...just an old trick to scare some folks into selling (and it worked)... but it ain't nothing but a little shake and bake going on...there's always people going to sell on the news, and I'm sure this scared a few folks into selling (usually the weak hands...and I'm sure the MMs knew this was going to happen, and were able to pick up some cheaper shares as a result)...but this also provided an opportunity for the rest of us to buy some more cheaper shares as well.
The stock held very nicely at the 20 SMA. Also, the previous support at 0.015 established on May 6 and 7 was still not hit. So we're still good, and we're still on an established UPTREND. Now, I may suspect that the previous support of 0.015 may be hit it in the coming days, or even go slightly below, just to scare some more folks into selling (MMs love doing this). Again, nothing but a little bit more of shaking the weak hands out of the tree. And if it does go down to the previous support or below, I'll be buying some more. However, after that, I believe the stock will continue on its next leg up, and on a stronger foundation. Again, the longer it consolidates down here in this area, the stronger the UPTREND will be. Trust me, it's better for the stock to act like this for the long run cause when it gets up there, it'll give us more time to get out. If it just pops up (like some folks here want it to), you may miss the opportunity to sell for whatever reason (greed, too late on the trigger, whatever the reason)...slower is definitely better...just MHO...
GLTA!!!
