Not so fast is absolutely correct. I've watched many stocks for a long time, and you RARELY will see a stock that has gone up over 10% post gains the next day (like, 1:100 chance). More than likely, the next day will give away 60-80% of the gains. What is nice in this scenario is SVFC has dictated a "comfort zone" (mean par value) around .005 that it will seek to rejoin; this can only be done, however, after dealing with the resistances of the lower zone (.004s). Unfortunately--for those who have been following along--we could have just as easily held the .0048-.005 support, but the company decided to withhold filing their 10-K (dropping them from the OTCQB)until the IR case was completely resolved. I do not necessarily disagree with this move, but it gave the bears the opportunity to drop the pps into the lower zone. From my estimation (barring news, which breaks all trends), the process of reclaiming the .005 support will take 3-6 trading days. Then we will have to deal with the resistance at...i can't recall off hand, I think it is .0053, after that it is smooth sailing to the .008s or so.
fun stuff, keeps you on the edge of your seat
