Hi JohnnyBoy49,
It's feeling like the same trading trend it was on back before the big pump (.36 - .47) just before Christmas. Lots of shares traded in this range. If it is, it's a good thing.
Stop loss limits were constantly tested but it would rebound, usually before the end of the day. It was a painfully gradual climb (that princess & I loved) for about 90 days where this stock doubled, tripled, and quadrupled. (this was happening on very low volume and no press releases)
Currently support is at .24 with the next resistance at .29 and neutral across the boards. This could change quickly with press releases. (I anticipate many with quality not just fluff like so many other stocks here in pennyland).
Keep in mind there were lots of shares traded in the .15 - .20 range between Christmas & New Years. There will be profit taking along the way. (It was a great opportunity for loading up.)
IMO once financials start being reported is when I expect to see significant gapping.
In the mean time take full advantage of any dips for averaging and always remember any profit is a good profit.
I will definately be holding shares in this one for a very long time as well as giving some shares to my kids.
How wonderful would it be to see these shares trading between $20.00 and $30.00 a couple years from now! (the old Ron Popeal montra "set it and forget it") LOL
Once again, Do your own DD, and remember advise is somtimes only worth what you payed for it, if you paid nothing for it that might be what its worth.
Good Luck my friend & may we all have a safe, healthy, prospourous, and Happy New Year.
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