Friday, March 22, 2013 1:22:39 AM
SNDY ~ chart is consolidating.. but key support levels broke down, and now is battling 50ma and 200ma... next support i see is the .0035 area... This is a really big S/S ..
SNDY Security Details
Share Structure
Shares Outstanding 629,834,365 a/o Sep 30, 2012
Float 614,492,870 a/o Sep 30, 2012
Authorized Shares 950,000,000 a/o Sep 30, 2012
So not very easily moved... volumes been decreasing... It's going to take a lot to get back up to where it was. I wish you all the best of luck, but not only about cutting losses early, but MORE about JUSTIFIED holding. Once that first support broke down, that is an exit sign IMO... not saying it won't go back up, but chart isn't looking great yet... I personally feel it may trade this range for a while... before it makes a move down or up.
SNDY Security Details
Share Structure
Shares Outstanding 629,834,365 a/o Sep 30, 2012
Float 614,492,870 a/o Sep 30, 2012
Authorized Shares 950,000,000 a/o Sep 30, 2012
So not very easily moved... volumes been decreasing... It's going to take a lot to get back up to where it was. I wish you all the best of luck, but not only about cutting losses early, but MORE about JUSTIFIED holding. Once that first support broke down, that is an exit sign IMO... not saying it won't go back up, but chart isn't looking great yet... I personally feel it may trade this range for a while... before it makes a move down or up.
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