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Tuesday, March 23, 2010 9:04:34 PM
In my opinion, and it is just an opinion. This looks like a perfect example of psychological manipulation. The stock plummets, establishes a bottom. Goes sideways, perks up, goes sideways again luring everyone in around .16 - .18, then does a perfect head fake, mirroring a previous uptrend that went to .32, taking it to just .22 - .23 when everyone thought it would retouch the high .20's, low .30's. Goes back to .16, people continue to load up as MANY grow impatient and get nervous. Then they have it go sideways again and then drop it pass support causing massive panic selling as we saw today, dropping right into the area the wanted it all along. I think that's where it'll stop sliding. These people rely on fear and impatience within investors to get what they want.
There is a reason for everything. This drop is for a reason. They want it down for a reason. No company wants their stock to stay down for too long. Especially a newly placed management team. They need to get off the REG SHO list. Just a matter of time. And in my opinion, a short time.
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