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Re: andyshow post# 5795

Tuesday, 03/11/2014 2:46:42 AM

Tuesday, March 11, 2014 2:46:42 AM

Post# of 106844
Andy, I ain't so sure about that? The volume was the key today, not just the size of the drop. It did over 11 Million shares. 11 million X .035 (figure avg price for the day) is about $385K bucks traded. That's some pretty sizable coin hangin out there. Not sure that's just Joe and Bob penny traders? I think we got some big insiders or institutional (raising cash for BHRT like in past 10-Q's) trades happening. This thing for months and months was lucky to trade about $15K to $30K at best on an average day, many days even less than that- days were it sat, flat lined half the day with zero buy or sells happening. Like maybe 10 guys tops, doing 10 trades of say $1,500 bucks each- what a penny player may dabble in, a lot of the time. But man, to hit $385K bucks or so for 2 days now on the sharp downside- I don't think that's all the retail, average seller. Just my gut feeling and 2 cents. If someone big unloads again tomorrow this can drop again like a rock in free fall. I didn't see any end in site today. Pretty much closed at the low on mega volume. I personally wouldn't be long here overnight and sleeping real good if I had much coin on the line. Plus, you got bag holders, new buyers who got in at .05 or .07 or whatever and many will have been holding out of "hope"- there's usually a "throw in the towel" day where they decide to cut their loss and just dump. They may all put in their sell orders tomorrow too. We'll see. Should be interesting. I'll be watching vol as much as price movement. If level II shows big sell orders sitting out there- then I think it's the big boys unloading into what strength is left. My 2 cents. Good luck. Buy, sell or hold. Gotta make that call yourself.