Minerco Inc (MINE)

[WrenchHead]

I don't think we are there yet. I don't think we can break through historically very psychological resistances at MA50/MA200 (at least not stampede through them just yet). From a technical perspective stocks bounce off of them just as hard as they bounce off support levels. All the news coming out is great but I don't think it is good enough to "stampede" through. Either way I'd rather test .0089 today and pass it up tomorrow to just below a penny. That would set next week up nicely.

If some spectacular news comes out (celebrity; distribution agreement in the Chicago, Florida, etc.; The Herbal Collection production/roll-out; announcement of an Organic line; etc. etc.) between now and whenever all that goes out the window.