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Re: Nano1 post# 11713

Wednesday, 10/29/2014 4:00:36 PM

Wednesday, October 29, 2014 4:00:36 PM

Post# of 106841
"The technical's are looking promising."??

From a "technical" trading stand point, this thing is in pretty much crash and burn, train wreck mode? It's in a sustained down trend and it looks like 2 cents is a new wall. Even after a 50% PR-hype run-up, it rapidly collapsed to sub 2 cents within a single trading day. Now, they're pushing it again today on a mega wide spread, but is not holding 2 cents very well as of now, heading into the close.

It's trading well below the 50 DMA and the 200 DMA, which makes it in a solid "technical" down trend and it's not out of that trend until it solidly breaks the 50 DMA and 200 DMA on large volume. On the Monday, PR HYPE run-up day, of 5 million plus shares, it couldn't even break or hold the 50 DMA at .023, which now sits below the 200 DMA of about .026.

That 50 DMA being below the 200 DMA is an extreme technical weakness indicator- typically known as a "DEATH CROSS" formation.

I'd not be surprised in the slightest if this sees 1 cent by end of yr, given the huge, new Magna dilution that will be hitting. Not sure how soon Magna gets their initial shares from the toxic, convertible note deal, or the 9 MILLION to 15 MILLION shares as just the up-front "fees" portion for the credit line, but when Magna gets those shares, IMO, they aren't gonna be holding um or parking um and going long- they'res gonna be a lot of shares at about 1 cents each and I'd guess they're gonna be heavy sellers. Even at 1.5 cents, they're making 50% gains on their money.

The lower they get the price to go, the more shares they get when they "convert" each time, that's the business people like Magna are in, and why they have pretty well established reputations as share-price-crushers, IMO.

Good luck to ya.