desert,
My outlook is:
1) the stock is so oversold (stochastics at all time frames) right now that increased exposure (articles, media) and any positive news (quarterly, strat update) could send it positive. with the market makers being a known variable of course.
2) Even though we broke through what many (myself included) thought would be support level at .23, we have tested a support at .203 that has been tested twice before intraday and held on volume larger than todays. I view that as a positive for the short term share price.
3. We basically have a doji for todays candle. Which would have been a hammer I think if not for the large share buys held by the mm's until the eod. At any rate, coming at the bottom of the downtrend this can be seen as bullish. Mondays candle will support this or not.
Although we know things can get alot worse if as you suggested we pass .20 to the downside, my opinion is that the share price has overcorrected. Looking at ALL of the TA indicators--they all look horrible, the worst. Exactly! IMO we are at or very near bottom and should start to reverse. Wishfull thinking? We will see.
