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Re: Rickych post# 104816

Thursday, 10/21/2010 2:21:58 PM

Thursday, October 21, 2010 2:21:58 PM

Post# of 157003
Well I won't say that Rickych... but I understand what you mean. This is the thing... I am waiting to buy more, but will buy 1) when we break the 50MA or 2) when we are holding close enough that I think my buying can help us break it. On a day like today, in my opinion when volume is not huge... we will not break it today... so those that are bid sitting... are actually doing some good because they are keeping the base strong. The 50MA is at .006 today. Each day it is coming down... so think of it this way... if we hold .005... and by next week the 50MA is around .0055, and we get news, it will be easier for us to wage an assault on it. The 50MA has been resistance since June... and hopefully we can turn it into support soon. But on a day like today, it is more important to maintain a higher base than it is to get a higher high... because there is no real volume.

All this is in my very uneducated opinion, but that is what I have my eye on, and being here since last December I have noticed certain things about this stock, and have picked up some charting knowledge... emphasis on some. Anyway, we know that our day will come, and there is a good chance we know it isn't today... no worries, based on the last 5 months, we need to start finiding higher lows, instead of lower lows... we do that, the highs will come.

Good luck to you sir and to everyone else!
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