technical analysis says .51 deserves a lot of consideration...were not a stock that deserves fundamental analysis right now, thats down the road with revs and a balance sheet with profits......as for .51, we've run up to it 3 times now in the last 9 months, never breaking through it and always retreating back to .32-.34 levels.....lots of not-so-dumb people are on the sidelines waiting for this stock to stop acting like a penny stock....theyre waiting for one of 2 things to make a buy... 1) it falls back down to .32 again, or 2) it breaks .51 and heads north with the volume that would cause it and follow it....i know im waiting for one or the other...limit orders at the low end of the cycle...ready to back up the truck when we bust through
who would buy at .49 who wouldnt buy at .51??....lotsss of people..and probably funds/institutions waiting for this stock to show true potential to be a 2010 homerun...the cycle were in needs to break for this to be for real....and the cycles peak is .51...thats the obsession
yes .72, $1, etc with be resistance levels along the way, but the chart says that this is a key for the short term......long term were all good, this product is the next big thing in nat gas
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