I can not speak for Don however I think this is a good level to buy. I don't think .008 are out of the question with the way things look but I wouldn't want to try to be to cute and buy at the exact bottom. If you can do it thats great. But if you end up chasing it up as some would do then what did you really gain from buying at .02 as compaired to .01
For whatever reason, the MM's are holding CBPC at this level.
I bought a few more shares, because I expect a small run, with a retracement, before a longer run. If that happens, I'll flip some shares, and buy them back at the eventual retracement.
Those 6 million+ shares traded last monday, were very strange. A big sudden volume and still at 0.01,... didn't run, nor fall, with all that volume.
MACD is a little bit above the red line, but I'd say it is more like sideways. The STO above 20 should push the MACD up. Also, the RSI is oversold since a few weeks.
And yes, I'm holding my shares with a few more at .01 and .011 levels, averaged around 0.02. I wish I would have sold everything and bought back at half price, but this is what I have.
I think we need to radar for substantial corporate news. If some huge news or filings come out, I'm ready with a lot of cash to buy at the ASK.
Lets see if we break the SAR and the EMA13 at EOD, for a reversal, with the STO above 20 and MACD up.