Thursday, August 25, 2011 2:15:15 PM
You posed a very good question. It comes down to the fact that prior to that news regarding the $2+ million dollar contract, SSOL dipped to .0055 and again to .005 for a moment of a day. Right around that time, over the course of several trading days, nearly 20 million shares were bought during a retracement at prices between .007's and the .008's A good majority of those shares bought were sold into the buying that took place Monday and the early part of Tuesday. Now the remaining shares are being offered at .009 and I don't think it would be profitable for them to sell into the .008's. There is a flipside to this. The next round of buying will shakeout the remaining shares below .009 and solid support will form at .009. Then PPS will slowly start advancing as more INVESTORS start coming in. As I've stated before, this is not a stock to trade. It's an investment that over time will out perform most traders.
SSOL: IS NOT A GOOD STOCK TO TRADE FOR SHORT TERM GAINS!!!
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