It's hard to hold on a day like today when you see the bid getting absolutely pounded, but I stuck to my belief that the bid support (even though it broke down to new support levels a couple of times) was too strong for it to be anything other than somebody in the know buying IMO. Why else would you sit there and soak up all the .10's that are being thrown at you when so many are being thrown on a horrible day for the market overall.
With that many shares at the bid versus buys at the ask, in any other stock I would have expected the bid to drop off much more quickly and we might have been looking at a close of below .07 or worse.
To close at .105 today was actually amazing in my book based on how it traded all day and how much of a hammering the bid took.
Hey, my last add was at .13 when I averaged up, but I am glad I held and am still up in this stock overall despite a significant amount of my gains having been wiped out. Why didn't I sell at the high? Because I still think that a surprise could come at any time with this in the form of news about the bankruptcy that will rocket us.
Waiting patiently.
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