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Re: MovedOn post# 169

Friday, 05/27/2016 5:09:26 PM

Friday, May 27, 2016 5:09:26 PM

Post# of 19515
FYI-- The upside action today is misleading. The volume was really unusually low and the bid/ask spread was also unusually huge (such as .016/.026 in afternoon, for example). It was some very odd trading behavior today, that's for sure, and not likely bullish.
The only thing good about today is that i indicated that this stock is not super overly diluted yet, given that the bid/ask could be so far apart, etc.
Anyhow, I wouldn't consider action today as a likely bullish indicator unless there is some more quality follow thru to build upon this next week afterwards.






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