30% retracement not Good for Mgt/Investors/Convertible Holders
We all want the price to go up except for the the Shorts and the MM's who have been playing games since there has been minimal trading going on and thats how they make quick money in the short run.
Eventually they will get burned when Mgmt finally gets the name change or some other significant event or news as well as earnings.
MGMT and the Convertible holders want this to go up even MORE than we do - Since they eventually have the MOST TO GAIN.
As much as I wanted it to break out past resistance at .034-.345 we couldn't and I wasn't surprised we were already overextended past the MA, we were in overbought territory in the RSI and MFI so I am not surprised to see that we have come down to this level.
I even posted on May 4th that we would head down to .025 or even down to the MA .024
Now that we have CORRECTED, I think we should soon start heading back up because we are now UNDERVALUED!
I have been buying and stocking up on these dips.
The great thing is that you can see that there has not been dumping just Market Manipulation on a small but annoying scale.
PATIENCE IS A VIRTUE and those who can deal with the downs as well as the ups, will end up very happy down the road.
Believe me the Convertible holders that already have a lot of shares and a shitload more to convert only want the best for this company and won't do anything to hurt the company because it will end up hurting them % wise in the long run.
With most Dilution, let's say 700M @ .10/sh.= 70 Millon
That's why I think they will help INCREASE THE VALUE OF THE STOCK OVER TIME. THEY WANT THE PRICE TO GO UP MORE THAN US!!
