Followers | 261 |
Posts | 19732 |
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Alias Born | 10/03/2004 |
Wednesday, August 08, 2007 4:57:25 PM
GN: No selling today as the lowest offered shares were at 30 cents all day. Only 5K share buy yesterday took out everything from .22 to.30.
BN: No buying since no one seems interested in paying more than .19 until the next Q report or PR, whichever comes first.
GN: MMs seem reluctant to make a market here since that would require induced buying and they probably don't want to get caught with open positions below .25 or .22 or .19 or whatever.
BN: The total lack of any dynamics whatsoever for 2 months has no doubt taken SSUR off the watch list of any TA investor.
GN: When the SP begins to move (And it has edged up from .17 to .22 over the past month) it could be days before it registers on anyone's radar, unless it triggers a price alert. So, the momo players will be slow to arrive.
BN: Looks like a lot of players will be slow to arrive for the same reasons.
GN: Once buying arrives on news that narrows the spread and takes the SP up to levels of higher volume, a reversal will confirm and a rise to above $1 is likely.
Score:
GN - 4
BN - 3
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