Encore Energy Systems Inc (ENCS): NITE has been on the bid at .0002 all d...

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jackson227

Re: ib12u post# 6834

Monday, 02/23/2009 10:47:37 AM

Monday, February 23, 2009 10:47:37 AM

NITE has been on the bid at .0002 all day, and it looks like all shares at .0002 are going to be eaten up.

I think those that are waiting for .0001 are going to be waiting for a LONG time to get filled .

"AUTO" has been flashing in and out at .0002 , and if he/she decides to stay at .0001 , he/she will not get filled because he/she will be last in line at .0001 .

Also, by selling at .0002 , you would be thinking that you can get them at .0001 , which seems like a stretch. I used to think the chart indicated that .0001 was inevitable, but I don't see .0001 in the cards.

Volume is at 68,000,000 shares and we are only 1.5 hours in.

I say this one moves back up sooner than a lot of people think.

Just keep in mind that this cannot go lower than .0001, which is why I think that .0002 x .0003 is "the bottom".