Replies to post #2947 on The Day Shorters Room

[Rivet]

PRRM - Shep, i will try to explain it in short.

had huge drop. was at .005 - .008 area a little less than 2 weeks ago. the end of april you can notice it build a short term base off of .01 support and eventually rallied back to a high of .039

these short term bases off penny and sub-penny levels can sometimes be a relatively great place to play a bounce when a stock has fallen off the cliff for no apparent reason. yesterday you saw it held a low of .001 and we then entered at .0013 from the bounce