Allow me to post why I think it is turning around. First off, the ask has been at .0069 for basically the whole day (I'm pretty sure). It is the bid that is upticking. And, like I said earlier today, the bid upticking keeps us away from .006 (big ol' danger if we go below that). The volume today was good. A 5mil chunk was at the ask, and a 2 mil at the bid today. That means someone wants it. I'll tell you who it is...the MMs. Like I said earlier. They want it to run, they just wanted to get as many shares as they could at as low of a price as they could. And, I also said earlier that it is probably very thin, and this stock will be able to go and go quickly because it is thin. I don't have L2, but, I was just on drpennystock.com (thanks softballdaddy) and someone posted what the L2 looks like. Basically, it is VERY thin. I will paste it below the body of this post so you guys can see it.
Forget gut feelings right now...lol. I also agree this is the bottom. But, from a T/A standpoint, and not a gut feeling.
So, there you have it. That is why I feel as though it is about to run for us.
L2 POST FROM drpennystock.com forum:
The ask is very thin .0069 1x / .0074 1x / .085 1x / .098 1x
4MM's at the bid at .006 1x / .0061 1x/ .0062 1x / .0064 1x
Just a little push and we could see a key reversal day ...
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