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Re: Bigdogs post# 290

Friday, 03/31/2006 8:29:04 AM

Friday, March 31, 2006 8:29:04 AM

Post# of 5730
The accumulation the last few weeks is very good. Also if you look at level2 the last week we are starting to see much larger bids. There is a 200k bid at .0006 and now one that came up late yesterday at .0007.

This is now the opposite of what was happening on the downside. We would see very large ask sizes on level 2 that would force us down. Now that its on the bid it shows me there is massive accumulation in this area. We should test .0009 today and maybe .001.

Technicals are excellent right now and the accumulation at .0006-7 has given us a excellent support level going forward. Once this stock gets above .0011 it should trade to .002 very quickly.

The slow move up is very good for the stock because it takes out the daytraders and weak longs and absorbs all the selling so the next move we can sustain much higher levels and not worry as much about the flippers.


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