Bonanza Oil & Gas, Inc.(fka BGOI)

[EquityMonster83]

Chivito, I would say that .008 would be a great place to look for a bounce, as many others will be doing the same thing. However, there have been many legitimate support zones before this, as well as the technical indications to go along with the support that would have suggested huge bounces were coming. Thus, I think that a bounce is possible, but as long as all the buyers are consumed with with dilution, then the technicals really don't matter at all. So I would not be afraid to go for it, but at the same time use very strict money management. Your number one priority should be to protect your capital.