ken, HOW do you know WHAT support IS with these penny plays? Earlier there were like 10 MMs on bid at 1.54 and 10 on ask at 1.55; a little later it dipped to 1.42 and a few minutes later was back up at 1.48..... I just can't count on L2 except MAYBE as a warning to get out sometimes, like a month ago today with SNP%.
I got filled at $1.45 this morning - wasn't here to see the dip, but I decided this morning when it opened at $1.60's I wasn't going to chase it - been there - done that - lost many times!
I'll watch this one closely for now - but I don't have a great feeling about it hitting $3.00 in the near future, imho....But what do I know?
I'm not going to be a pig here. This has been emailed to me since May 3rd, and is up HUGE from those levels. I'll be VERY happy with a double and I'm happy to wait for another one after that, and think it will get that high ONLY because APS is now promoting it, imho.
Good Luck to us all in ALL out trading!!
Go GWBU GO GO GO!!!
