Johnny, Find any of those shares?
They're worth a bit more than they were at the close of trading yesterday. Of course with the spread between the bid and ask being so large most of the day its debatable how much more.
According to my numbers this is the first time we've been at volume at or above the preceding 20 day average since Oct. 20th and 21st when the PPS spiked up over a penny for a couple of seconds (sic).
I know you don't believe TA to be an accurate measure with a stock trading this low. For my own part I consider it to be as good a gauge as any at this point...and in general I consider TA to be most reliable when there is an absence of news or hype.
Ideally TA divorces itself from the fundamentals of a stock and looks simply at the trading taking place in my opinion. I consider it as accurate an indicator with ENGY at .007 as at .070 cents. Of course this is the OTCBB, and I do consider TA less reliable here than on senior exchanges where short interest is reported.
That's not to say I think ENGY is being shorted...far from it. About the only shorting happening in my opinion would be from MMs selling short to meet liquidity demands, and I consider that to be short term at best.
Anyway enough rambling....
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
