cork, i do not think they are looking for that pps. i do not think we will see that again. i think that they will just sit on the bid and see what comes to them on a day like today. it is not intense selling pressure. they have been paying up all week. we will see by eod. matt
i think the bottom support here is somewhere around the 200MA of .014 and the recent double tops at .015 -- and in my opinion, that will be a gift.
there's lots of indicators on my charts. you don't really have to use them all, but together they often show places of strength and weakness. this one shows all the signs of a very strong upmove. at this point, the indicators are undoubtedly a bit overheated, so a pullback and consolidation is prolly necessary. in any case, it makes for a healthy chart.
just as importantly, the chart sez this is getting tradeable. when a stock has an upward trajecting story, daytraders often become position players. as they buy and sell, they cull shares, thus joining the longs in reducing the float. they also create the action that keeps a stock from being illiquid. you can't buy what's not available. i have seen lots of undervalued stocks with 'real' fundamentals that don't trade simply for lack of liquidity. i think there's a good possibility that we may all have to thank ABLE for being the bearer of many gifts. can you picture Christmas or Chanukah coming early?
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