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Historical actions? There's almost no history post R/S.

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midas716   Friday, 04/24/09 06:46:47 AM
Re: Obi-Wan Kenobi 2 post# 8123
Post # of 196573 
Historical actions? There's almost no history post R/S. After the R/S the stock hit .31. I sold half my post split shares, about 3000, for a tad over break even. I'm probably one of the very few that can say this. I'm riding 3000 free shares. My broker, Fidelity, usually has my post split shares the day of the split which is why I pay more for using them on pinks. This has saved me many times from the dreaded R/S.

As for historical data. As I said it hit .31 post split. I don't see any indication of dilution now or it most likely never would have went to .15 this time. I see, in the chart, we need to hold .06 for a safe bottom here. Anything under and I would agree that the run is over but i don't see any indication as of yet thet it won't hold .06. The selling you see is normal profit taking. peeps just locking some up. The stock hasn't crashed back down as if the company was dumping.

The 20ma is very close to crossing the 50. If it crosses and doesn't bounce off it and down expect about another .12 from here as it looks like it's forming a pennent formation. The 100ma is not far away sitting at .06 and the 200 is at .12. We have hit the 200 but couldn't crack it and we just bounced off the 50 at .06. Should trade in this range until profit taking is done. Any news from this company and it will rocket up from here. There is no float. If it holds .06 were good to go.




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