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Thursday, July 31, 2014 12:44:39 PM
It's sitting back at the 50 DMA and vol is drying up again- usually ripe for one of those 20% or more "drop days" IMO.
If one had bought only 5 or 6 trading days prior (.038 peak), they'd now be needing at least a 50% gain just to break even. Not bad?
It can't seem to hold 3 cents for the life of it. IMO, just too many "overhang" shares out there (as in 10's of millions), they handed out boat loads of shares from about 8/10ths of a cent to maybe 1.5 cents at the most, and a pile of warrants (maybe 50 million or so, it's tough to figure exactly as the 10-K/10-Q are so confusing IMO, but it's a big number), all those cheap shares given to "someone/entity" are now "out there" and even if sold at 2 cents, or especially 3 cents or above, whoever holds um can make a cool double or more on their money, so IMO, they're unloading big time into any strength (I think the selling vol spikes on any strength prove it, but that's just my 2 cent theory).
Volume on the big "sell/dump" days goes way up - like to 6 or 8 million shares several times, while in between, most of the time, the volume just dries up, like now.
It's "flat lining" again, as in going for more than an hour, sometimes 2 hours w/o a single trade crossing - it just sits. IMO, again, from watching it in the past, that's when it has a big "dump" sell-off a lot of the time. One of those 15% to 30% drops in a blink. Who knows. The 3 month chart is ugly as heck IMO. Looks like a train wreck to me. "Walked back up" several times to 3 cents or more, then rapidly dumped on big volume spikes, then repeated several times. It's gone nowhere in 3 months, but if someone got caught in buying those peaks, they're underwater big now, often by the next day or maybe a few days at the most.
It's a 2, maybe 2.5 cent stock it looks like- it can't seem to hold over 3 cents. And when it's at 2.5 cents or below, the market cap is barely equal to, if not even below their present debts. Which IMO, means "the market" is not assigning much value, if any to the "company" or the supposed "technology".
How many "PR's" in just the past month and it didn't budge the long term needle an iota? TWO "Magnum" presses in a week or two- and it got the blow off, right back to the 50 DMA and 2.5 pennies. PR just doesn't seem to be cutting it, IMO. (even the "claim" of the WORLD'S FIRST blah, blah- didn't seem to get the excitement, IMO. 2.5 cents is where it's at.)
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