Replies to post #5155 on SGD Holdings Ltd (SGDH)

[AliEn BRaInZ stox]

As far as the restricted .07 shares It's totally plausible that breaking the 200 day moving average could send us to .07 as early as tomorrow. I'm not saying that this is exactly what I think will happen but how many times do we see charts like this slowly build over the course of a few weeks. Then the volume spike leading to a double the next day. I have seen this scenario time and time again and the chart supports this possibility as well as the attached cheat sheet which clearly shows that there is no real resistance levels after .05 until .11.
Oh man wouldn't that be nice. :-)
Generally I trade in and out of otc tickers but this is not worth the headaches.
I'm long 4 a dime.
I then will reconsider my position.
http://www.barchart.com/cheatsheet.php?sym=SGDH

[Ole Broke Azz]

I also have to consider why he is doing it at this point in time...my guess is to lock in .07 before the PPS is at .10 or higher