Yes, you probably right to_profit, we've not been in very long. However, we are NOT investing here, but instead just looking to play the bounce.
I've been seeing this show up on Alert for quite a while now, with each new low, watching and waiting for a bottom.
This may not be it, but then again it could be, unless they want to take it sub penny, which I doubt they do. But as I said, we aren't investing here, we are merely looking to play the bounce, or trend shift.
If the dilution, which has been clearly evident because its far to much to be MM manipulation, has ended it has a very good chance of making a nice bounce. We will not be holding long and will sell at the first sign of weakness, or any indication that the dilutions/selling has resumed, on that you can be sure.
As for calling the TA, don't know, don't care. We aren't willing to perform any DD, its almost always a waste of time with OTC/OTCBB stocks. We make our plays based upon the charts and our perception of Technical Analysis (TA). We will look at daily volume and recent PR's, but thats the extent of our efforts.
We look for stocks that have fallen into oversold territory, then show signs of a bounce. We will only look for a 10% to 30% gain before looking to exit at the first sign of any weakness.
Good Luck!!!