We've all seen stocks get to $0.40 or so, only to regress to under $0.10, then before you know it....PINK SHEETS and Sayonara...below $0.01...below $0.001..............
recent action is lots of hi-vol narrow-spread showing absorbiton of selling. However today the price has been gapped down, possibly to panic sellers before tomorrows announcement. Because of the previous price action, I'm holding my loss till tomorrow, as I suspect an island reversal. If i'm wrong, i'm out.
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