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Re: coydog post# 5556

Tuesday, 09/14/2004 10:24:31 PM

Tuesday, September 14, 2004 10:24:31 PM

Post# of 13759
coydog, we could reasonably test .065, but below that we didn't see any material selling, and the MM wouldn't fill buy orders in the .04, as you stated yourself. at any rate, a walk down may trap some into selling, but you can forget about any large accumulation. they just won't let it happen. addtional pr's are bound to be released soon, and that will cause an increase in volume. everyone on the sidelines right now wants some idea of where the Quill will be sold, who will be selling it, and whom will be buying it. we have a classic contrarian scenario, where everyone is bearish on the stock. talk to Omni, listen to you, poll the shareholders. everyone is nervous because we haven't taken off yet. the only way we retest those lows, is with a prolonged period of no news. that's the only possibility. we have support from those that sold on the last shake and saw how quickly it doubled on modest volume, and those that almost pulled the trigger when it was lower, but waited and now would like a second shot at a price below .06. we haven't tested any support since the last run up, so without new news, a pull back is certainly possible, but not to the extent of 62%, again. Quill see!


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