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Wednesday, October 08, 2014 1:52:38 PM
The bid is in free fall- and look at the volume now, I don't think this is Joe Q. Retail seller. This is some "bigger boy(s)" unloading again IMO- probably the "finance" convertible share people, or some of the low priced warrants- still near double their money if unloaded in the 2 cent range, when they get shares in the 1 cents range.
I agree also, this could go back to .0141 - .0155 or even lower. Don't see any support to the bid, the low volume days have been amazing- where it's doing sometimes $2K a day total maybe, with 1 and 2 hour stretches w/o a single trade, but now drops like a boat anchor on much higher volume on the big selling day.
Technicals are just all broken down in here right now. Wouldn't want to try and pick the bottom till it settles.
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