Roflmao... Well, at least its not as bad as the company in your name. That was one of my first scams ever...lol
But trust me, I'm NOT investing here, we merely trade these stocks. But we've played this several times and tried one time to many on our last go, getting stuck on our re-entry at .07. Then we had to wait since November for it to start moving again, finally exiting yesterday at .09...lol
Then seeing it run to .18 and pull back to .057, it was just to hard to resist trying for another shot...lol Since there was no explanation for the run, other than some group decided it was time to run it and there's no explanation for the drop, then there's a good chance something may be in the works.
The chart looks like a breakout play, but those are usually preceded by news, which sparks the rally. I suppose it could be that its been removed from the Naked Short list, which would imply that whatever short positions existed, had been covered. But thats not usually enough to spark the kind of run this saw, from .03 to .18.
Either way, whatever the reason is, today pulled the RSI back to just above 50, which is exactly what you want to see in a breakout play. If thats how this pans out, then we should see it turn back around tomorrow and move back up above .10 at least. One good thing I noticed, besides the fact I'm green so far, is that the MFI and RSI are moving in unison. That would imply that this isn't being manipulated for the time being and its trading based on its own supply and demand.
We shall see how it pans out this time, but you can be sure I won't hold this for 3 months waiting on a 28.57% gain again....lol
