News Focus
News Focus
Followers 11
Posts 1655
Boards Moderated 0
Alias Born 11/07/2003

Re: Perchaser post# 4237

Thursday, 01/08/2009 12:32:53 AM

Thursday, January 08, 2009 12:32:53 AM

Post# of 17089
If there were consistent buying pressure/bid support...there would be no game playing going on. Somebody definitely wanted some shares last week as the bid held up nicely during one selling spurt. When the bid held, it inspired confidence for the buyers waiting in the wings and they hit that .03 pretty hard.

Had that .029 been a more solid bid...I'd bet that the buyers would've seen that and taken another shot at breaking .03. Instead a 5K sell knocked the bid to .02. Another 5K sell knocked it to .015. Then a 2K sell painted it back to to .015 where it looks "scary".

Typical low volume game playing by someone trying to accumulate on the cheap imho. All we can do is wait it out until the buying becomes more sustained. Until then..take advantage of the cheap price if you can imho.

These are my opinions only. Buying stocks is risky. Play only with money you are prepared to lose!

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y