NEWBIES BOARD

[dude iligence]

Garyst first good judgment and decision to sell GWBU a few days ago. I posted a bounce watch shortly after that with a target range of .20-.70. I did that because there is not one area which looked like it would offer strong support. We saw today it dropped then had a few bounces that never gained any footing and took off only to sell off harder late day ending about .55.

http://stockcharts.com/h-sc/ui?s=GWBU&p=D&yr=0&mn=3&dy=0&id=p12295893871

The chart just doesn't have any well defined support level. The next level that stands out is .40. Below that the 200ma at .32 which is in the middle of the HUGE GAP from .20 to .40. Look even further back and find even more gaps on very low volume.

Tomorrow .40 shouldn't come as a surprise but it would also be good to see the gap closed from .20.