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dmlabuda

05/17/11 8:39 PM

#237 RE: lottoplayerslair #234

I agree and besides that is old news (2008, 2009) - the stock is still trading so obviously the court order was changed or perhaps they did do a reorganization. I have no idea what's happening with this stock aside from rumors of a possible take over and rumors of a government contract being finalized but, from a purely technical analysis point of view (and I will attest to the fact that the PINK sub penny stocks do not behave technically the same as stocks on one of the exchanges but, still in any case) I would have to speculate that it appears over the last two months that stock accumulation is taking place and there appears to be a rather crude ascending triangle forming on the chart. So, it's a little early to tell but, my guess is that it's very probable that you will see prices above $0.01 before the end of summer and perhaps much higher by the end of the year. But, I can't give you any solid fundamental reason why. Technically, there is a relatively steady higher volume since last December and following the first of the year rally, the stock has supported very well on it lows. Since late march there have been several rallies from intraday lows and the bulls appear to be willing to pay higher and higher prices over the last 60 days. Resistance has been consistent in the $0.0054/$0.0055 area but whether or not that resistance will withstand another test remains to be seen. If the triangle proves valid, a break out should be eminent and $0.01 in not very far away at all.