News Focus
News Focus
Followers 22
Posts 1789
Boards Moderated 0
Alias Born 05/31/2006

Re: SPICEMIKE post# 1780

Tuesday, 08/29/2006 10:48:56 AM

Tuesday, August 29, 2006 10:48:56 AM

Post# of 20076
And it will continue, Spicemike...

Until some significant buyers step up to the plate. IMO, the .24-.25 area represents POSSIBLE support, as that was the area of resistance before the stock broke through, and also where the 10 day SMA currently resides. IMO that's important because the stock sat on that 10 day for a while before breaking out, showing support there.

So, we'll see. What I said only matters if there are buyers looming, and I don't know the answer to that. Meantime, the weasels will continue the slow bleed.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today