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Tuesday, June 10, 2014 10:57:29 AM
It broke the 200 DMA twice now on May 20 and 21st, the 20th being on high vol. It touched the 200 DMA yesterday and looks like it's gonna test it again today possibly.
If it breaks the 200 DMA (.02), it doesn't have much support below that, clear to the one cent range IMO. Whenever vol dries up on this one, like it has now for about a month, it "ratchets" down, just like it's been doing for over a month now, with some large, single drop days that can exceed 10% or 20% often, in a blink.
It's gone pretty much "ill-liquid" when it trades less than 1 million shares a day, or often, less than 500,000 shares a day now (500K x .02 = only $10K a day in total dollar vol). One sell order of "size" when it's at this kind of volume, drops it real hard typically.
This 200 DMA area is either gonna hold, or it might be a 1.5 or 1 cent stock again soon, IMO.
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