I think we are seeing the new support area for now. I would not sell at this price as we could get news any day or minute about a DOE grant or power plant CO2 partner, and when that happens we will see new highs here in minutes, not hours or days. There won't be time to get back in this cheap.
I have no doubt they will see a Joint Venture deal by year end, if not this month. DOE grant would just be icing on the cake. Until that happens it looks like we will trade between .20 and .14 for a while. Don't forget they have been paying the bills all year with restricted stock sales to accredited investors in $5,000 minimum lots for .125/share, and those guys are not allowed to sell yet, so rest assured they expect to get a lot better price than today's .14 low in a year or two. If you plan to buy this stock, don't wait, or you may miss the boat.
I am still long, and have never sold a share.
Edit: Wow, while I was typing we jumped back up to .15, so let me add that if we close at or above .15, the chart looks like .15 is the solid support for a trading range between .15 and .19 until we break out above .20 towards the .30 range. This stock may not be done, we may see .30 area again even with out more news!
And don't forget the CEO said recently they won't need to build a pilot test plant, they are ready to build the real McCoy, a full scale fully operational system, as they claim they have already solved the scale up issues they expected to have previously.
