Friday, October 31, 2008 11:42:41 AM
this is in my opinion what is happening here and so i made a very rough, quick sketch using the 20 SMA to illustrate one of many technical indicators they are using as a guide to not let the stock go above and breakout. last time we nicely broke above the 20SMA, we ran from .015 - .085... some news from the company would definately help aswell in breaking out of the downtrend. but i'm in no rush, id like to pick up some .001s if possible.. 10 bagger at a penny?... please.. again, you'd have to believe that it would trade over a penny again in order to accumulate down here and i 100% believe it will go multi-penny again at some point in the future... will it happen today or tomorrow? maybe not.. but will it happen, imo yes.. and i won't have to chase... but i will add and help it up making it even harder for the chasers when the time comes..
to be as basic as possible, just follow the purple line and see what happens last time we broke above, and how hard they are trying to keep us below with massive selling any time we approach it..
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