Charts are not really effective here. I’m a pretty good chartist, and, this is what I think. Looks
to me that this is going into a trading range between .14 and the low .20s for awhile. Three or four down days with one day that will have a sharp jump, but then back down.
They had a PR release today, but it did not appear on all boards like Yahoo, MSN, etc. Weird.
Shorts don’t think they will have to cover for a long time on this one and I don’t expect to see it go above .30 for awhile unless there is some surprise positive news. Anything is possible as the penny stocks, and I mean all of them, are outrageously manipulated.
It will go up when they, meaning MMs and promoters want it to. Then they’ll pump it up again.
I’ve never understood short sellers, some of them are way up on this and why they don’t cover and take profit is beyond me, I wish I had been short, like a long position, I would be out if I had this much profit.
This one is my big mistake and I’m down but have traded away some of my loss and still working on it.
What started this fall were their warrants, man, I’ve learned about warrants the hard way. Whenever I find any stock has warrants out I’m going to find out when they expire or what the conversion date is.