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Re: None

Wednesday, 02/02/2022 2:27:41 PM

Wednesday, February 02, 2022 2:27:41 PM

Post# of 37827
Barring news out.... a logical technical area of support would be between 34 and 32 cents. We have an institutional candle (last down candle before the rally up) on Jan 10th and the top of the body of that candle is at 34 cents. Then the spike low on 8/25 is at 32 cents. Again... a logic area of support is between 34-32 cents. Also at that price level the 4h RSI should be at or below the value of 30. The good news from a technical point of view is the 1 hour RSI is already under its 30 value.... It rarely stays under 30 for long...even on the 1H chart.....

For those of us that are fully loaded this can be agony....but I/we know what we own...the note holder selling won't last forever. God help the Shorts if the 42M Aribiter money all of the sudden coming rushing into the market....I would highly doubt management would want to give any warning and announce it before hand...

"It never was my thinking that made the big money for me. It always was the sitting. Got that? My sitting tight!" - Reminiscences of a Stock Operator -