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Re: joseywalestx post# 2365

Tuesday, 03/04/2008 8:28:25 PM

Tuesday, March 04, 2008 8:28:25 PM

Post# of 6573
I don't think it will churn at this level that long. I mean if the selling starts back up, it will fall back to .0010, but its not to that point yet.

I think right now that people are rather pissed they got in for the first bounce and it failed, so now they are watching and waiting before either going back in, or selling and moving on.

It looks like the volume explosion took place around the 24th of January, which was the first multi million share trading day and then it really got heavy.

25 Jan was approx 11M
28 Jan 20M
29 Jan 32M
30 Jan 24.5M
etc, etc, etc until today, at +19M

IMO the real move back to above .01 won't be seen until the volume starts falling back to under 5M or so. Whatever it was thats caused this massive increase is hard to say, when we don't know what the actual share structure is, but it almost has to be at least 1 Billion IMO, if not higher.


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