Actually, there are gaps on the chart at .0061 and .003, and these are potential downside targets as long as this downtrend remains intact. Given that nothing that's happened in the past several weeks has made any sense (in terms of the share price), these targets are just as valid as anything else. In fact, given the determination that sellers have demonstrated so far in taking the price down, I would say that those targets have a better than minimal chance of being hit.
With that said, IF they get it to .003, I will try like hell to find funds and buy as much as I can. Fundamentals in this one are very strong and the company will start delivering. The Simplefile PR release was a big gaff by the company, but nothing that should derail the stock in the long term. If you're a believer that this is a game-changing winner with huge growth coming in the next few months to couple of years, these prices are a gift from the market gods - and that's true even if we hit double-zero prices. There's always the chance that we missed something, but I think the price action this summer has come about because of an unfortunate confluence of the delay in the launch of various apps (especially MJ Pay) and the recent aforementioned problems with the Simplefile PR, combined with a rather vicious short attack which only intensified with the
Simplefile PR. IMHO.
We'll see....meantime, I'm holding and I'll try to buy if it goes lower.
M78
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