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martinib

10/14/09 10:50 AM

#108223 RE: puitsfraw #108215

It's hard to say what is happening or going to happen for each day. As you can see we going lower again. FBRC's order of 100k pushed it all the way to 0.229 but once that one was gone we're back at 0.22 maybe even lower today. Things I'm looking for is volume and price action. Last couple of days (maybe weeks) shows just lack of buyers. Without news (court hearings) you don't have buyers and all this moves up are just short covering (notice the low volume last 5 trading days around 5 mil). Shorts can manipulate price (without buyers) down as easy as FBRC just did up with their order of 100k (which didn't have to be executed, just placing the order affects price)