Generally, it's a place where many traders have a psychological stop-loss set.

"If this goes below $1, I'm getting out!"

So, the shorts or MM's usually see that as a way to cover, using the volume triggered by all the stop losses at those psychological breaks.

She is getting support at different levels though, so it isn't going down as easily as that initial drop.

Maybe she'll get the push down to a dollar today. I'm waiting and watching.

If you go back and read posts from past weeks and months, you'll get a better picture of this company and how it relates to current price movement. People here are mentioning GEAR and sharing links, etc. GEAR is a part of the company that was "spun off" into a private company, until some day when it offers an IPO. People who had LVGI shares back when the spin-off was announced now have GEAR shares which could conceivably be sold after that IPO, but we don't know when that will happen. I have GEAR shares in my trading account...currently worthless, but hopefully worth something in the future.

As for the current LVGI, you can read the last update from the new CEO, and you'll see that the focus is on their other products (particularly SLAM) which can be built up, and possibly spun off as separate companies in the future. The fact that the CEO is turning the focus back to those other products is what started the run upward from .0001/.0002 because investors were waiting to see if LVGI would do anything moving forward.

Anyway...if you're into this stock right now, your focus should be in line with the CEO's focus (SLAM) rather than on GEAR which is not mentioned anywhere in the PR. The only supposed relationship with GEAR would be marketing services provided by LVGI.

Also, references to past share prices in the dollars range is not an indication of where this would be heading any time soon. Those prices are reflected in the chart due to past reverse splits, etc. and the stock being diluted for financing, thus bringing the price down to sub-penny prices. The share structure is completely different now.

I am currently in LVGI because of new developments, like an active CEO who wants to build the business, and because of charting reasons. I'm not bashing, since I don't believe in attacking a stock for any reason. I'm simply commenting on the posts from recent visitors who don't seem to be familiar with the recent company history and are hyping products and prices which may have no tie to the current share price and company developments. Let's settle above .001 and then we'll see what happens next. Go LVGI!

Here is a 60-minute chart, showing current support at .0006 and if she can push and settle above .001 then you have a new support upon which to build for another move. I hope she holds supports here, but it may linger here a while, since there were many millions of shares purchased at .0001 and .0002 while the stock price was languishing. You can't blame people for taking such profits.

PVCT is crashing again. Might get another "boing" out of this, maybe off $1

Watching GFOX chart drop:

Watching KRED chart drop:

PVCT 60-minute chart:

Watching BISN chart for bottom:

Oh man, I wasn't watching today because I wasn't around my computer. I didn't have an automatic sell set because I thought I'd be safe to let her ride a bit. Looks like I missed an opportunity to sell PVCT near 3.00 for a great profit and reload. Oh well....I'm still up. Let's see what Monday brings

LVGI coming back from the grave:

Go PVCT! Cover! Bounce!

Sheesh, even a conservative 38.2% fib retracement on the bounce puts this just over $3. Fingers crossed.

Well, for what it's worth, I picked up a starter at 1.63 to see what happens next. Yikes. Knife catching!

60-minute chart:

Wow, she's bleeding like crazy. Still watching...almost hit 1.50

Good thing I didn't buy any PVCT yet. But looks interesting below 2.00 on the 50-DMA.

..and PVCT back to 3.00. Not in yet though. Nice 20-DMA bounce potential.

Cool! I'll watch it...

Riding a little ERBB momo right now.

PHOT dropped below the 20-DMA and heading for the 50:

MDDD got a nice bounce off the moving averages!

DROP got a nice bounce. Daily chart:

GRNH had an awesome bounce yesterday after the pull-back. BOING!

More pot stocks on pullbacks. GRNH 60-minute chart:

TGRO 60-minute chart-- possibly turning here:

Watching DROP go down. She might be interesting for a play if it breaks below a penny:

XUII is getting a little bounce:

Let's see if TGRO can get a bounce off of .30 I averaged down my position a little. 60-minute chart:

Bought just a small number of XUII shares at .0235 but feel like it might be risky with the selling trend. Was trying to play around the old .025 support region, but didn't get a lot of support. Might bail on this one, or sell on the slightest bounce. We'll see...

Bought some TGRO at .42 today for a bounce off the 50-DMA:

Out CBIS today for a 30% profit. Yeah....could have made more, but I'm being conservative with my sell targets these days. Slow, steady, safe profit is my hope.

Watching TGRO drop. Daily chart:

CBIS 60-minute chart:

In some CBIS for a bounce. 60-minute chart:

CBIS coming down this morning:

Watching and waiting for the profit-taking drop on all the pot stocks. Nothing goes straight up for too many days.

MCIG sure bounced hard today. Too bad I wasn't watching Tuesday when it crashed. I probably would have been chicken to jump right in at the open today after such a drop, but I guess it worked out great for those who did.

I've been sitting at .0255 on XUII for a couple days. The price touched it today, but didn't fill my order.

Sold MWIPD for a profit before the new year. Could have been more, but didn't expect the huge burst it got today.

Watching XUII chart. Might play off the 50-DMA:

There goes a nice CERP bounce back to the .006's

MWIPD 60-minute chart:

CERP was dumped below .005 Watching for bounce. I'm in, so fingers crossed: