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Anthonyspade

05/09/10 12:58 AM

#5327 RE: doubleupfollowme #5326

you have to remember, it was friday! alot of people sell on fridays, and it still held . the candlestick shows sign of a reversal coming. we have alot of buyers on the side lines watching, and alot of biders hoping to get in at these levels. the float is pretty much dried up, so getting in is going to be hard. mm will be forced to run up if they want more shares.and bider will be forced to buy at higher levels. the hands have changed. profit takers are gone. my only concern is tryna figure what news are we waiting on now?
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Canadianmoney1

05/09/10 1:01 AM

#5328 RE: doubleupfollowme #5326

panic sellers bro, the stock dropped due to consolidation, and weak hands panic and sold into the news, and even with all that this stock continued to hold the support at this level with a strong close, looks very healthy IMO
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GoTeamTool

05/09/10 3:27 PM

#5341 RE: doubleupfollowme #5326

Look at the past 4 PRs and you will see how this one runs. The 2 PRs regarding appointments of board members really spiked the PPS. The other 2 PRs regarding plans for the company had no effect)

APPOINTMENT PR Friday Mar 19th - Spikes this think to .005

APPOINTMENT PR Wednesday May 5th - Spikes PPS to .004 range

The April 12th PR and the May 7th PR didn't really have any effect on the PPS. I can't really give you a reason why, but just because the last PR didn't do anything for the PPS doesn't mean this stock is dead. You could have thought the same thing after the April 12th PR if that's how you are going to judge a stock and you would have been dead wrong.

*** EDIT - If you are saying that this play is dead until more substantial news comes out then I will have agree with you. We had the nice run in March and then we settled at a nice base in the .0017 to .002 range for almost a month and a half. I think we will find a nice base hopefully in the mid .002s until the next PR whenever that is.
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tchalla

05/09/10 5:24 PM

#5344 RE: doubleupfollowme #5326

why don't you study the chart a bit. might enlighten you a bit.