I am on the fence regarding the MOMO crowd, I see CM's point, but at the same time, we have been consolidating and consolidating and we really need a nice volume breakout to put us in a new channel where we can consolidate at higher levels.
With the chart set up right now, a little volume can propel us past the .055-.06 resistance and to higher highs around .08-.12
We did not get the respect we deserve from yesterdays news. You remember all of those pinky oil cleanup companies that ran 100% at a time due to rumored BP contracts. Now here is a real company with a real relationship with a major, major player in the movie distribution business.
20th Century Fox is huge, and with that, I think a little momo will help. Some will trade in and trade out, but along with those come others that will buy and hold. That is how I ended up here when we first spiked to .03. Bought into the momo, held, and accumulated along the way.
Go TDGI