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Re: Mikey post# 12691

Friday, 05/02/2008 2:09:00 AM

Friday, May 02, 2008 2:09:00 AM

Post# of 16882
On a technical basis all I can say is that the close at .19 was a good thing. Would I have liked to see a ton of volume into the close suggestive of insider buying of a pre-market news release....sure. But the volume on the ask towards the close was confirmation of a bottom implied and further upside movement anticipated (and let's face it ...the smart money on wall street anticipates future events and does not wait for the confimation typical of the dumb money (actual news release) but instead preys upon it to distribute shares.

I can only say that with my experience in this market (pennies) that currently the .18 level with what I've seen in recent price/volume action that the risk:reward ration is currently in favor that currently hold position. - IMO

Tomorrow of course is another day and the only advice I can give is that the only good stocks are those moving in the direction of your current position. What ever position you hold I hope you have a great day (just as long as in you are in the same position I currently am :))

God I love this game!!!!

P.S. Trading-Pennies.com and eXplosivepicks.com (the former better the latter OK) have positive notes on VTDI for tomorrow's trading......time will tell.

Great trading people...best of luck tomorrow!