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downsideup

02/24/09 11:25 AM

#317 RE: bell345 #316

Looking at an eight month chart, there are two obvious spikes in volume, six months ago and now, with almost inverted mirror image patterns echoing that following six months later. Not too hard to figure out that seems tied to financing efforts and share restrictions being lifted, etc...

The chart has flattened out, with the volume now not doing a lot other than moving it to the lows inside the now fairly narrow trading bands, which still show a slowly developing pinch...

The price has declined 82% since I've been tracking it... while the company efforts in restructuring should be largely complete now, giving a leaner, meaner operation looking forward.

Insiders are buying at these levels... and the TA looks like it says the worst of the decline is over, at least. Still don't expect it will do more than wander aimlessly here for a while without having a reason to do otherwise. Still looks good to me for a turnaround in operational #'s in the next report. Don't know that it will go much lower, but it may on lighter volume... still no sense of urgency here, but I'll agree with you that it is getting closer to being a set up for a trade.