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Re: mike93433 post# 3477

Thursday, 02/18/2010 12:10:32 PM

Thursday, February 18, 2010 12:10:32 PM

Post# of 94140
it all depends on where the stock bottoms out............right now there's good support at 0.015....if you throw up a 1yr daily chart, you'll see that 0.015 is a "MARKET MAKER LEVEL"..........This is where alot of past trading has taken place and the mm's know this......they use charts, technical indicators and previous price points, just like the traders.....it's no coincidence he took it to this level......this is a very calculated move..........the next mm level is 0.012......that's where i start to get interested.......check the charts, lots of action at that level, also it's the breakout spot, so alot of technical guys will jump in there..........it's all about limiting your downside risk........there's no reason to get anxious...."ON MY TERMS OR NO TERMS"...."I DON'T CHASE STOCKS".....beleive me you won't be missing the boat by waiting for a good entry price.......now, if the price drops below that level to 0.008 i'll be going in heavy........if you look at the last 4 months, most of trading is in that range and my feeling is the mm's will test it.....IF YOU GET IN HERE: A 50% RETRACE OF HIGH WILL GIVE YOU A 100% GAIN.....SWEET$$$......the reality is 0.012 might be the near term play and i'll be ready to load up if the support is there.......BUY FEAR/SELL GREED/GET RICH$$$......GOOD LUCK TO YOU!!.....I'M SURE YOU'RE GOING TO MAKE ALOT OF MONEY IN THE MARKET$$$