Flexpower Inc. (FLXP)

[livinginstyle]

Chart bottom? There's no way to predict that. Todays low broke recent support at .0015 and .0013. Now the chart indicates a test of .001 which is the 52 week low. Todays down volume of over 31 million shares is not good. Either the stock is being held back so the company can buy back shares, or it is being shorted to freaking death. Usually, big volume like we have recently seen preceeds an upward move. Not the case so far.

Also, it is entirely possible the company has been pumping up the stock in order to acquire other companies. We could be complete morons for owning this stock. But, I intend to stay the course no matter what because I just have a feeling this company is for real.

Another possibility, is the people who were granted the restricted shares have been shorting the stock. The reason is this:

When restricted shares are issued, the person receiving the restricted shares shorts the common shares cause he knows the restricted shares will be converted to common shares which will dilute the float and cause the shares to fall in price. Then that person has the option of covering the short with the converted shares, or he can choose to dump the converted shares on the open market further driving down the price where he can then buy back the shares he shorted at a super discount which allows him a huge profit at almost no risk. I don't know if that is happening here, but it does happen all the time with stocks like this.

Good luck..