Looking for support above 12, pivot is 16, Will break down past .012 if it closes below that...I still think the hype for late 2010/2011 is way too early for this pps with 1bil shares...
Right now they do not even have the $6mil for 2009 in revs... $17mil rev for 2010 is only .034 eps with 10x multiple $50mil rev with 20% profit is only .01 eps
Its a nibbler but going from .013 to .03 is only just over 100% if they can do it...plenty of flippers out there giving 200-500% in a week or month, let alone MAYBE 1.5 years......Do not get caught up in the flipper hype that you have to buy large now...IMO...
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