InvestorsHub Logo

MR MUTT

01/06/09 8:45 AM

#9103 RE: ragsto #9102

That's what's called the fibonacci retracement. Either 38.2%, 50%, or 61.8%. If it is 38.2%, it should retrace about 4.58 pts. or back to about .04242. If it's a 50% retracement, then it would go back to about .041., etc., etc....

Let's hope that this is a rally instead, which will bring it to about .08...further good news to .14...then a buying frenzy to .28.

I originally bought in at .28 last year and have averaged down to about .05+.