I'm not really sure Survivor2012. The way I see it is that they will take it as low as CC allows them to. Only competition/buying pressure will stop it, and when that buying pressure comes back, is 100% up to CC.
We are currently up against algos that are designed to drive the pps into the ground, while maintaining the RSI above the danger (technical alert) zone, and the only way to combat them is with volume. However, volume will not reappear until CC drops the audited fins and starts disclosing the big ticket items. We'll more than likely see the volume return anywhere from 24-96 hours prior to CC dropping such things, but until that time comes, those who are in, are in. We may add a little here/there, but not enough pressure to stop the current algos. Those on the fence will remain on the fence until CC gives them a reason to jump in and/or get off the fence...
I view our options as follows:
1. Anyone who wants to add, use the algos to your advantage and get as many as you want.
2. Anyone who has what they need, forget about ENZC for a couple of weeks and enjoy the Christmas/New Year holidays around the corner. If you're in long and have what you need, the pps over the next month means absolutely nothing.
3. Those who lost hope and do nothing but talk smack about a company they're supposedly invested in, just sell and move on. If you bought much higher and don't want to take the loss, than see #2 above.
Again, I'm not an advisor, nor am I even that smart with any of this. However, ENZC has proven to be the most orchestrated & predictable stock I've ever been in, and this is just how I see it. Right or wrong is yet to be determined....
$ENZC
