I agree also. There is no reason longs/bulls can not take back control of this stock. If you look at things, we basically have been channeled again between .003 and .004 for the last 2 weeks( must like we sat in a channel from .0006-.0009). Peeps that want to flip can buy the high .002's and .003 and flip at 38-4 for 30-40% and my honest opinion is that is part of what has been going on here. There is no reason for TYTN to not be able to get beyond .004 and even higher. Too many things are going for TYTN for it to be trading where it is and there are too many people saying they are long and bullish for it to be trading here. My honest assessment has been the same for 2 weeks now, and that is that there is not enough buying pressure on the ask. Bid support has been good to great at times, however as i have said before, bid support is only as good as the pressure on the ask. When everyone who is long and bullish sits on the bid, eventually the market is going to come to the bid and will continue on the bid until buying pressure on the ask becomes stronger. I have said before, every purchase i have made of TYTN has been on the ask, that is what i do and will continue to do as i free up powder from time to time. TYTN is way to undervalued at these levels and bulls/longs should be tripping over each other to get shares.
All of this is just my humble opinion. As always everyone should trade as they see fit, this is just my $2 worth.
Go TYTN and GLTA
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