It's amazing how many people sell at major inflection points in stock prices. This was a triple test of the .0095 bottom, we have a solid long base holding the line here. The MMs can only move this one way and the end of day Friday tipped their hands IMO. They collected shares at sub penny increments which will be sold back for pennies to the very "longs" who sold recently. I don't fault anyone for selling, but we had fundamentally game changing news last week. It was the wrong time to sell. My opinion on the resistance we hit was due to the restricted shares from the 187M lot below hitting the float. These shares have now been chopped through and are securely in the hands of longs here IMO:
Insider Shares:.............895M
Restricted Shares:........187M (legends recently removed and available for float)
Float:...........................142M (...and rising. Float max 329M)
Outstanding Shares:...1.224B
*O/S will increase after the $5M funding.
We have a new batch of shareholders holding for the real gains to come. Good things.
-k
You're never as good as your best trade and never as bad as your worst. Stay in and win!
