Diversified Oil and Gas Holdings (DVFI)

[arch_oil]

from a TA perspective BIGN looks like it's in trouble. A lower close tomm will verify the trend. I hate to say this but if we close red tomm. the trend is down folks and I really cannot explain why this stock continues to disapoint with so much speculative news on the near horizon. I'm long but with indicators sitting in oversold territory and the stock still trending lower means a few things. Shares are being sold from somewhere, my guess is the PP shares at .02 are being either dumped or shorted. The behavior of this stock since January can be classfied as a heart attack victim in a coma. The only higher bullish trend we had was in May when the LOI news hit, but that was quickly flushed down the toilet by the flippers and day traders. I think we have support in the .02 area but that can quickly disappear with mild selling and a few waves of panic could retest the next support area of .014 This just basically sucks. I fully expected BIGN to be in a bullish uptrend by now far above .03 nearing .04 on it's way to test new highs leading into the expected news. I just cannot figure this stock out and determine where all the selling is coming from. I think when people like furtcash post crap like he did yesterday about Opehlia not being finsihed or hooked into the meter site, newbies begin to sell in a panic. This sets the stage for the action all day. Even though I doubt message board posts have an affect on a stocks behavior I'm starting to think this stock does. I fully expected BIGN to close above .03 today and this just sucks.