Replies to post #14040 on iBio Inc (IBIO)

[doebop]

hard to predict the daily movement... i'm adding more .99 though..
major resistance is @ 1.20ish... once that falls we should see 1.40s quick...

lots of shorts unwinding here i believe and we should see new bottom $1 and stay above $1 after this week IMO...

what some folks don't realize is that many 401k accounts can't buy under $1 so once it's firm support we should see a nice wave of buying...

also, IMO, this is why we see algos trying to hold the stock under $1 as it's much easier to manipulate as some folks can't even avg down once the price drops below $1.


EOW i'd expect us to be +$1 but if we get buying pressure tommorrow/friday from today's excellent PR we could push through the $1.20s

good luck.