AI
Wednesday, May 30, 2007 1:14:02 PM
Chartwise. We are all holding, so the ask just got hit at .008 and .01 as a result.
Looking at the 3 month chart below, .005 used to be resistance, but is now support if we can hold it and nobody gets tempted to hit the .003 bid.
Remember, there is more news on the way from the obvious hint in the last PR, so this is definitely a good hold. Greater volume with the next news release should set us off again nicely and we will be talking about support at .01 instead of .005.
Looking at the 3 month chart below, .005 used to be resistance, but is now support if we can hold it and nobody gets tempted to hit the .003 bid.
Remember, there is more news on the way from the obvious hint in the last PR, so this is definitely a good hold. Greater volume with the next news release should set us off again nicely and we will be talking about support at .01 instead of .005.
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