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Re: mayerxx post# 17450

Friday, 05/30/2014 11:45:35 AM

Friday, May 30, 2014 11:45:35 AM

Post# of 30951
Ty, If you look at the last volume spike on 4/2, 150mm shares, stock went from .0008 to .004. It was followed by profit taking obviously. I'm guessing that represented about 300,000 in dollar volume. Today so far we've seen about the same. A money flow chart could be a good indicator now.

I also think there are many people holding stock that don't even know they're holding it. People who have written it off. Now they will either buy more or sell as they receive their brokerage statements and get "sticker shock" but time will tell.

In the mean time, those are some things to consider as we watch it close. Keep in mind that NITE probably handles 80% or better of the order flow so they are are another good indicator.

Good Luck!