AI
| Followers | 11 |
| Posts | 578 |
| Boards Moderated | 0 |
| Alias Born | 05/12/2006 |
Wednesday, April 11, 2007 10:51:14 AM
Hi qas - technically (and IMO) there is no reason why this should break below its 20 day MA - the MMs have not driven the price below this MA since the run-up began, either because they don't want to, or perhaps because they can't ...
... if they want shares badly enough, they could take a shot at it and may even break thru momentarily - but for it to be a meaningful breakdown, it would need to stay there for awhile and then also close below the 20 day MA, and I just don't see why that would happen ...
They may get away with churning this at 0.006 (seems like that's their plan), but I can't see a break below the 20 day MA unless there is a PR with bad news (and why would there be?)
I flipped out mere 12% of my holdings yesterday at 0.007, mainly for fun
- got a little back today at 0.006, but am not holding my breath for 0.005 or lower ...
Guess we'll see - just MHO
GLTY
Opp
... if they want shares badly enough, they could take a shot at it and may even break thru momentarily - but for it to be a meaningful breakdown, it would need to stay there for awhile and then also close below the 20 day MA, and I just don't see why that would happen ...
They may get away with churning this at 0.006 (seems like that's their plan), but I can't see a break below the 20 day MA unless there is a PR with bad news (and why would there be?)
I flipped out mere 12% of my holdings yesterday at 0.007, mainly for fun
- got a little back today at 0.006, but am not holding my breath for 0.005 or lower ... Guess we'll see - just MHO
GLTY
Opp
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