Realistically, resistance has broken down for some reason. Maybe it's just leathery. I can see no real reason why the pps should be where it is. Nothing supports this level for an exploration stage company that does not promote it's good stuff to the the shareholders.
Leads me to believe that the MM's will take control, short it and take it down, way down and when something good is reported they will take it up. Way up. They have already tested the bottom a number of times and can't find support so why not, that's how they make money.
It's ok with me. It will let me buy lots of cheapies that I know will be worth $3.00 per share in 12 months.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.