Coretec Group Inc (CRTG): Variety of people probably. Those who bo...

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Re: bargod post# 5721

Wednesday, 04/27/2011 11:14:39 AM

Wednesday, April 27, 2011 11:14:39 AM

Variety of people probably. Those who bought at .02 afraid of losing all the profit they made. Those who bought higher and don't want to take any more losses. It had held the 50MA since mid-October and today it broke thru that, so people are naturally afraid of the bearish trend. At the moment there are buyers near .04, but a close below the 50MA would probably lead to more selling tomorrow by those who are at work right now and not able to watch it as closely as we are. A close above the 50MA may lead to a little bounce and consolidation -- basically buying more time. Without substantive news as others have said, I don't think it's a question of will it go down, but when will it go down.

My posts are just my own opinions. Do your own DD.

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