Nice Larry W.
Look some may want to dispute me on the short issue. But hedge funds
love pennies, they have the capital, they are essentially
unregulated & they have access to info most of us can only dream
of. They often take the other side of the trade on pennies.
I wrote earlier, that according to my research shorts often
close out their position on weekends, or at least scale off,
& even more often when it is a 3-day holiday coming up.
In my view, they were trying HARD NOT to let the price get to
the $0.005 range so that they didn't have their backs up against
the wall with little margin for error. Now, as of Wed/Thurs esp
we start seeing all kinds & types rolling in here talking
investors out of buying (not a ton, but a few)...I think if
the 10-daySMA holds (& I fully expect she will) they will be
forced to cover soon and we will close nicely!!
Just my $0.02
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