Replies to post #56778 on Strategic Asset Leasing Inc (fka LEAS)

[Phrozt]

What technicals are breaking down?

[~Drex~]

I guess we'll find out by end of the week...

[bobbyperu]

The smart pinksheet traders know where this is going and thats down for now, anyone imo thinking about buying as of now wait! cause theres low .0020's and perhaps teens around the corner soon anyway.

[Phrozt]

Take a second and look at that date.

Is it really any surprise?? The majority of the longs here were in way before that date, and a lot of people jumped in immediately before because they thought a land deal was going to drop at the end of Q1. The longs knew it wouldn't but the new guys didn't, and now they're selling.

This volume is nowhere NEAR what MMTE was trading at when longs initially got in. It's a simple reflection if people who got in w/out understanding it, and left because they still don't understand it.

[jfburk]

My ban was reversed, here is the MMTE closing price on Friday from 12/31

12-31 18-Mar 25-Mar 1-Apr 8-Apr 15-Apr 4/22/2011
MMTE 0.0004 0.0026 0.0027 0.0031 0.0034 0.0032 0.0031

[Rustler]

MMTE displays a Pennant Chart Trading Pattern since March 29th, not necessarily a "downtrend."

Pennant - A continuation chart pattern that resembles a small symmetrical triangle in a general horizontal pattern. The Pennant usually lasts from one to four weeks, at which point the prior trend usually resumes.

See, e.g.: