News Focus
News Focus
Followers 3
Posts 302
Boards Moderated 0
Alias Born 05/05/2004

Re: None

Wednesday, 10/07/2009 11:43:17 AM

Wednesday, October 07, 2009 11:43:17 AM

Post# of 38585
I disagree that the chart is bullish.

Bollinger bands are all over the place. The RSI has been bouncing rail to rail.

Sure, the MACD looks okay, but it always does for a stock that has had a recent breakout.

IMO, given the float, the volume is terrifyingly low if you're a long.

I still have my 100K shares at four cents. No offense to the other guys, but I trade a lot of penny stocks, and this one is showing many of the signs of an impending implosion.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today