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Monday, September 08, 2014 4:51:12 PM
These high volume days, it's been closing red every time. Pretty much a confirmed down trend again, looks like. This needs to turn and break back above the 200 DMA and then the 50 DMA or it's gonna be back to a sub 2 cent penny play pretty quick here, IMO.
One major sell order could drop this to the 1.5 cent range in a blink. The later months are usually not kind to this one- or the market in general (Oct, Nov into Jan). End of last yr- this hit its all time low of 6/10ths of one cent and spent a lot of time as a true "penny" stock, at one cent or so. Getting a little tough looking in here IMO unless something major changes?
Last trade was at like 3:27 Eastern- which means it flat-lined out even into the close. It sat in the AM barely trading, then sat after open for a while, then a boat load of mostly selling in the mid day put it in the red on higher than normal volume. Interesting the way they trade this thing, IMO? Like big block orders go through, then it just sits for long periods?
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