Simulated Environment Concepts Inc (SMEV)

[Son of Jr]

Interesting to note that the number of buys were greater than the number of sells today by 13 to 11, but the price fell. Still not as bad as it looks. Shows a loss of 50% for the day but, the closing ask on Monday was .0040 and Tuesday .0033, not even a change of 20%. The reason stocks can fall when buys out number sells is panic. People selling at market and not using limit orders. Works both ways of course, but when you see that happening it can be a good contrarian indicator.

Somebody pointed out that a gap at .002 was filled. If so that is good. There are overhead gaps to fill as well that should take this stock much much higher. A healthy bounce today will tell us if this beast has found a bottom. I think it has but then I thought it had after Monday too.