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Re: Nedrgr post# 138

Thursday, 10/06/2011 9:34:04 PM

Thursday, October 06, 2011 9:34:04 PM

Post# of 228
It definitely could head a bit more north. From what the technicals are pointing too .0034 would probably be the max it will get to if it does continue it's way up. I don't know much about the company yet because I've just briefly looked at it but I don't see any major news as of late and the share structure is somewhat large at 2 billion outstanding shares. It looks like it was able to move today on low volume because there wasn't much resistance so it's possible that it could continue upwards if no large dumps or walls are put up tomorrow and if you don't catch the attention of a lot of MM's who will start flipping and shorting to keep the price down.

So I guess to answer you, yes, it's possible. But unless there's good news out, I would say it's probably going to hover within that same general area before drawing back a bit.

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