SPO Networks Inc (SPOI)

[techtrade]

It's certainly weird, but in retrospect I can sort of see why. Something I've seen referred to as backfill, where the underbelly of the previous uptrendline gets tapped, which sparks more selling. That .0033 top seemed to do the trick. Definitely caught me off guard though. I guess everyone who wanted to buy blew their load on the Thursday breakout.

I guess now we're waiting on a catalyst. Hopefully earnings will do it. Technicals look a lot worse now, but not irreperable. A good earnings report would do the trick.