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slapngo

09/14/04 9:55 PM

#5557 RE: coydog #5556

coy, did you sell half between .07 and .08 instead of .12?


http://www.investorshub.com/boards/read_msg.asp?message_id=4014334


Hoping to reload?

I thought about pulling a trigger on 1/4 of my
shares today. Then I realized news of a contract
could come at any time and my chances of getting
back in with any size would be difficult in any
event. So I am holding.

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sonk

09/14/04 10:24 PM

#5559 RE: coydog #5556

coydog, we could reasonably test .065, but below that we didn't see any material selling, and the MM wouldn't fill buy orders in the .04, as you stated yourself. at any rate, a walk down may trap some into selling, but you can forget about any large accumulation. they just won't let it happen. addtional pr's are bound to be released soon, and that will cause an increase in volume. everyone on the sidelines right now wants some idea of where the Quill will be sold, who will be selling it, and whom will be buying it. we have a classic contrarian scenario, where everyone is bearish on the stock. talk to Omni, listen to you, poll the shareholders. everyone is nervous because we haven't taken off yet. the only way we retest those lows, is with a prolonged period of no news. that's the only possibility. we have support from those that sold on the last shake and saw how quickly it doubled on modest volume, and those that almost pulled the trigger when it was lower, but waited and now would like a second shot at a price below .06. we haven't tested any support since the last run up, so without new news, a pull back is certainly possible, but not to the extent of 62%, again. Quill see!


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WhiteSands

09/14/04 10:38 PM

#5560 RE: coydog #5556

I know that volume traditionally confirms a breakout, but we haven't had huge volume for a while now. With the float gobbled up in strong hands, I don't think we will see huge volume till Tom let's the loaded PR's fly. JMO. I wouldn't be surprised to see TRBY slip all over and through resistance levels on low volumes... with few sellers, at least for the time being.

Time will tell, though. If we slide back down, however, I'm gonna be grabbing all I can ...