BlockQuarry Corp (BLQC)

[KingErik999]

Broke lows of last 2 days...not higher lows today.

I expected .0075 to be support when the pull back happened...which is today. But, if we can get a solid finish and close over .009 or better, we could see this continue right on up to .016 this week.

The pull back will continue if even only a few take profit and no news comes in. It's thin enough to make big moves either way. .006 will be next area of support if we drop more.

It's been a nice trend the last few weeks. Can't expect ALL green days. But a day like today with a new high and some sells bringing us to the red along with a fairly big candle from high to low makes for a temporary turning point in the trend.

That being said, we still have some very specific announcements to come from the new CEO. News up to this point isn't reason enough for this to continue up.

I'll tell you one thing....if we get a PR regarding the A/S count being dropped significantly, along with solid plans for the near future, we will see a run that out does the last 12 days. Dropping the O/S 280 mil is good. With that in mind, it only makes sense to reduce the A/S which proves it will not be needed. Otherwise why would they retire 280 mil of the O/S????? The A/S is just WAY too high....get it down!!!

We'll see....

GL

Erik