i think you are correct about people that are waiting to jump in (i was almost one of them, but happy i picked up shares and I am currently enjoying green gains). i don't necessarily think that flippers will settle and hold (hence the name flipper), however, I do think that with 1,040,000+ in vol. the new share exchanges will outweigh the flippers negative price action. note: it will be increasingly difficult to flip though both psychologically and technically. i'm thinking we stay between .0053 and trend upwards to .0059/.006 between Mon-Tues. Wed. its possible we test our .0061 resistance, but if we make it through that and maybe establish a new support at .0061 its going to head north. thurs. is anyone's guess. some may become a little antsy on thursday, especially those who bough in the .002's and take some profit. i think friday (W/O PR) will be a tough trading day, but if we have a nice pr (maybe a contract not just a 'grand opening went well' pr) on friday or monday we will rock it. i think the most important part of next week is a solid pr on friday or monday. imo. everything i said will be voided if we see some really good volume backed buys in which case we'd have a great run setup into the .007's and on. has anyone else noticed how thin L2 is between the .005's and .007's? i've noticed on a few occasions that as soon as 5's are filled it looks like theres maybe one MM in the .006 range with a pretty small order.
T.
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