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Friday, May 07, 2010 2:12:02 PM
From a TA point of view, the stock going down and covering that gap made back in Mar at the .0105 price is a huge monkey off of the back. Once those gaps get covered, it's a huge psychological relief, since you no longer have to worry about IF it will get covered.
If you look at the charts, we've been forming a bit of a bowl type basin on the closing price this week. Hopefully, this is the bottom forming now.
Then you throw in the PR release AFTER that gap was covered...an unbelievably uncanny bit of timing, or was it quite shrewd and smart?
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