SA: PBLS is bidding .0255 which is only...
.0005 away from it's last support level of .025
And I am VERY worried, as I own a TON of shares here...
The chart pattern on the daily chart is a double-top, and I calculate that if it breaks below .025 it will go down to the sub-penny area again...I'm sure a lot of other owners of this stock see below .025 as a very bad sign, and there are probably many automated stop loss limit orders that will be picked up below this level, and many active traders may also manually enter sell orders below .025 I fear a panic selloff if this happens.
What chance do You think it has of holding above the support level of .025??? Is this just a ploy by the MM's to paint the chart to scare out the weak hands to get cheap shares? TIA
