Excellent post! Sums it up well. We need it to hold in this range. I really feel like it's been sector driven with anticipation of major news.
The good thing about this stock is that it has shown strength every time I've thought it would behave like an average penny stock. Example, right now it should be headed back down to much lower levels just on lack of news.
My guess is the reason it hasn't is because while it has climbed to multiples of it's value & reaching .05, it's done this with the heaviest volume being at about 10% of OS. That appears to me to be more about people holding than a serious buying frenzy. I'm still looking for 100 million share trading days. I've maintained that this is a mid term play & that it remains a crap shoot. For it to become a legitimate long term play we need Telnor to make their move.
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