Wednesday, December 01, 2010 10:12:54 AM
There currently isn't enough orders hitting the ASK. Everyone who wants shares is sitting on the BID or waiting below the BID for the price per share to fall to their order. Many on the board have expressed others who are looking for 'cheapies'. BID sitting is what they are refering to. It gives support to the stock, but doesn't let the pps rise.
HNSS needs consistent orders hitting the ASK. They need to be consistent enough to where the MM's can't set up false walls and to where the price per share can move 10% at a time between ASK sell orders.
I often see large orders hitting the ASK, making it fall and the ASK rising 10-15%. Nobody hits the higher ASK within a relatively short period of time and the MMs lower the ASK and put shares on the table that set up another point of resistance for the pps.
We need consistent buying pressure (or ASK slaps). If we have this, HNSS will go to $0.05 very quickly in my opinion. Momentum players will pile onto this stock once we gets several high-volume green days in a row.
IMO
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