Thursday, June 03, 2010 5:36:36 PM
I got a sinking feeling when i first read the rollercoaster pr and have since sold most of my position. So far looks like my hunch was correct and i suspect the price is heading down to trade in the .001-.0011 range again. I think there is a chance of the price heading into the high triples a few times or just staying there the way things are unfolding.
I have a gtc order for 10m@.001 and will not pay a fraction more from what i have seen lately. Get ready for another red day tomorrow and into next week. There was/is strong overhead in the .003's and now there is even stronger overhead in the .002's
There may be active dilution going on right now also with DME bringing nothing to the table. Add all of that up and it will get worse before better IMO.
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