It is very difficult to call a bottom.
There are at least 40 or so things to consider here.
Yes, according to the last filing where shares were converted as low as .02, it looks like we are close to the bottom, but every time we have gotten a filing showing shares converted or given at a price lower than the last time, we get another filing a month or two later, showing millions of shares being given at yet another lower price. We do not find this out until at least a month after they have been given, and of course the price has subsequently dropped to those prices - so beware.
However, as the chartists state, the chart looks very much like we are at a bottom, and history would tell us that this is likely to have a nice rebound from here - and I, for one, play the charts, with my eye on dilution and financing deals for possible new lows. All the while I make buy buy-in decisions from charts, after I factor in the dilutive deals.
I also stay aware that "RSI below 30" and a few other indicators here that look very indicative a an optimal place to buy, also can be warning signs of impending danger.
One excellent trader once posted that when he sees an RSI below 30, he gets very concerned about BK, and the company we were looking at did in fact go BK (but I had gotten out on his warning). However, RSI below 30 also ends up being a phenominal place to pick up overly beaten down stocks. I ignored the BK warning on an RSI <30 in a stock a bit later, and I ended up being in a BK company. OUCH!!!!
The point is, it all depends on how much risk you are willing to take to try to make nice profits.
If you are a nimble enough trader to watch for the signs and decide quickly the appropriate move to make, and IF YOU ARE WATCHING THE RIGHT SIGNS FOR THE PARTICULAR STOCK YOU ARE IN, you may have a good chance at making a nice profit.
That is what makes trading an art built on developing some skills in knowing how to read news, filings, and indicators.
Others also know how to get inside info, and become much more profitable if they know how to use it correctly, but that is a whole other story, LOL.
