Trading like a low floater though 1 billion o.s. will scare some away. Seems big holders are holding tight. If PR hits...will it disappoint as always or send this above a penny?
Could hit it today if the volume continues but i think the market is still a bit skitish at the .01 area. If the ask/bid is displayed accurately and completely i could almost double my money by dumping at the bid and being the pps under .007 and there are many more people with more shares at a lower cost basis that could do the same.
I would think a close anywhere in the 8s could continue the accumulation tomorrow and allow a little profit taking without a crash. If it can maintain the pps the 9s will show but i am willing to bet there is a stall at .0099. The psychological barrier will take a bit to get through unless they time the PR right.
I wouldn't be surprised, although we might be due for a bit of a pullback after such a sustained rally. It's hard to guess without knowing what exactly is driving the buying. I personally think this is mostly longs adding to their stash, but probably also some flippers mixed in-- if so, could see a few share dumps tomorrow.
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