I expect this to open this morning like it has every day, the action is going to be tough if the bid creeps into .010X territory as flippers will begin to come out of the wood work, how many of those shares will be absorbed by new investors is hard to tell. If buying pressure comes in and the volume runs higher than average it could be very volatile day in the .01 battleground. There is just no way of knowing the intentions of those who bought at that wall in the .008 area, at 7 million shares it stands as a possible support. But if most of those were flippers and traders I suspect that SL62 has got this pretty square and expect it to fall. The only solstice I see is that someone at the very end of trading purchased 910,000 shares at the very close 15:59:59. It was a staged trade at .01, in other words it cemented exactly what SL62 said a confirmed green paint for the day. What catches my attention is the size of that block, for a paint job it was overkill.
You are going to have to play this one by the action unfortunately as there is no clear direction. It seems we have even support for both sides of the argument and it could go either way. The “current information” tier may once again be a wild card in this as it has obviously boosted shareholder sentiment, but how does it affect potential investors sentiment remains to be seen.
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