Beacon Power Corp. (fka BCONQ)

[Ecomike]

I agree, but the problem is there was not enough bid support left today, due to low volume bids, such that all an MM had to was short it with a few shares to a level that had bid support, or to level the MM was willing to buy at. That was why I did not buy and add since the BK was announced, I knew a lower low, on low volume, buyer exhaustion would come and here it is.

The question now is will it continue? And if so, just how low will it go. I have seen many good penny stocks that were not even in BK, get hammered far worse this year, sad to say I also have shares of them as well. I still have the shares I paid $3.00/share for (Bought them before the last R/S) so I have a 99% loss already in just 12 months or so on this one. But it is in an IRA, so no sense in selling here. But I am still watching with an urge to buy, that I have resisted so far. I have yet to buy a BK company stock that I did not loose my a** on.

Luck for me I never averaged down on this one!!!