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Thursday, February 07, 2008 5:42:20 PM
At 0.048 with little support, I was expecting a 35% correction because there was indication of some support at $0.035 but this has fallen more than 65% over 3 straight days which tells me that a lot of people have panicked and played right into market manipulation
I see the next support of this stock below a penny unless someone understands the charts better which is very possible. It is also possible but highly unlikely that tomorrow might be the beginning of an uptrend
The pps is bound to show an uptrend next week but may not reach the $0.045 levels again unless there is strong news that can push it to the $0.07/09 levels that I indicated in my earlier message today. Once it crosses the $0.09 levels, it will hit 25 cents
All in All, a wonderful stock going through MM manipulation...however, due to strong business model and proven sales numbers, it will pull back amidst a lot of resistance.
My advice to Longs: buckle up and be ready for the rough bumpy ride to dollar-land...TRY NOT TO SELL YOUR STOCK IN THIS TURBULANT WEATHER. THIS WILL LAST FOR A FEW DAYS BUT YOU WILL SEE RECOVERY SOON. THE MM's WILL NOT GIVE UP TILL THEY HAVE A QUOTA OF AT LEAST 50 MILLION STOCKS THAT THEY CAN SELL BACK TO YOU AT A HIGHER PRICE
ALL IMHO
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