Axion Power International Inc (AXPWQ)

[Wild-bill]

The sell off here has begun.

I suspect it won't last too long. Look at the price action and volumes leading up to the CC and subsequent.

I think maybe it's just momo players or others ignorant of what's (not) happening (yet) at the company that are now dumping out.

Shorts helping them along but the OTC short reports don't show ever more than a day to cover since February this year. So I don't expect any long-term run.

BTW, the volume profile on the 3 down days almost identical to that on the three up days with just a little greater magnitude.

The close today was right on the falling support I've been tracking so unless the overall market does a number on us, today might have been it.

Can never tell though - especially if the shorts have decided "Patience my ass - I'm gonna kill something"!

Bill