Premier Products Group Inc (PMPG)

[weo1998]

I am not surprised we broke through .08. We went on the down side of the 50DMA on Friday. How I see it the next place of support looks around .04. I won't be surprised if we bounce of that either. At present, there is no catalyst to move this forward. This is going to have to find it's legs and go from there. The two month chart from my view looks awful, big spike on Dec 29th and slowly downward from there. That's life trading stocks. Some of the other items we are facing I'll chalk up to rookie mistakes by new management. Anyway, down another penny or two and I would recommend it as a buy but not before this goes lower because it is. Just my opinion.