This stock is really prime to pop. Huge pps increase on equally huge volume day, now weak hands have sold out over the last few days on small volume. Strong hands have the shares, weak hands are out. What happens now?
1) no canes forming - weak hands continue to sell, with stronger ones taking them up from .14-.17. I can't see this dropping below .14 untill september even with no canes. Pure speculation play for most.
2) A CANE FORMS - weak hands buy back. Small float, strong hands holding their shares for larger profits drives pps to; cat 1 storm .23, cat 2 storm - .25, cat 3 storm - .29, cat 4..........you get the idea.
If nothing has formed by sept 1 then all hell breaks loose back to single digits. :)
These aren't my opinions, these are my interpretations. I welcome feedback and critisism.
Volume is the key to the castle.