AI
Tuesday, December 08, 2009 1:56:39 PM
Chart Does Not Lie: Supports .025, .0163, .0114, and .0062. Before all is said and done with the share dumping that is going on with this stock I would not be suprised to see it back down to .0075 or so at which time traders will start taking interest since the risk/reward will then be good. At this price it is at now, .0265, there is too much of a drop risk here.
I beleive every day we will see a slow bleed on this stock, down to each support level as it drops lower and lower. Yes, there will be small short covering rallys, but each attempt will be met with more selling.
I beleive every day we will see a slow bleed on this stock, down to each support level as it drops lower and lower. Yes, there will be small short covering rallys, but each attempt will be met with more selling.
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