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Monday, October 08, 2012 12:06:53 PM
It seems there is lots of interest, 18+ million at .0006, that is serious bid support compared to the ask side. How do you account for that, serious question.
I don't even try to account for the support/resistance of thinly traded and illiquid penny stocks because that can change in a nanosecond and they're way too easy to manipulate. If I was trying to divine where EGOC was heading I would look at the chart and the number of trades/volume.
This thing has traded exactly 4 times 2.5 hours into the trading day for a whopping total of $1,500. Where's the interest?
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