The Friendly Money Making Board

[Cowboy]

It could go much deeper IMO...if .043 don't hold and .0338 don't hold you could see it dip into the 2's....be careful.

The market went very short to accomodate the run to .195..you have to give them time to cover then they will run it again.

You saw it dip to .04 then go up over 100% from there....another short position was created to accomodate that as well.

So unless something changes fundamentally to bring higher value to the bottom line it will cycle downwards until the short position is under control.

Watch for these price points.....

.05 if it goes below this(SAR will flip) then look to accumulate at following levels....

100 DMA at .04

.038 GAP to fill (could bounce here)

.032 if this breaks look for following GAP fills.....

GAP .028
GAP .0264

.023 This is extreme pull back point but could bounce off following.....

200 DMA at .02

JMO