USA Recycling Industries, Inc. (USRI)

[fear ceoil]

The short support is around 48-50.

If you look at the pre-holdiay trading, the PPS was brought to that point for a couple hours during the day, but it then popped back up into the 60's towards the end of the day. The MMs aren't comfortable going any lower than that without major sell-off signals.

I suspect because of the exhaustion of volume in this stock, the MMs are able to play into some of the trading paradigms of a P&D. Hopefully towards the end of the day, the PPS will bounce to the unmanipulated levels and close into the 70s.

Extended trading under the 45s could be a signal that there is dilution or the support levels are toast with a freefall to who knows where.

IMO


Best to all.