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daytona45

08/02/11 4:48 PM

#50804 RE: ysung #50786

when the selling is over this will move back up.
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dmlabuda

08/02/11 4:58 PM

#50806 RE: ysung #50786

It's just taking it's good old sweet time getting up off the 200 day SMA I suppose. We actually have a bullish divergence in the Stochastics and Price now and that is generally considered as a buy signal by a lot of technical analysts (myself included) so, I still fully expect a rally back to fill the gap above $0.003.

Realistically speaking however, there is always the possibility that we will see a selling climax and a price blowout down into the $0.000x price level first but, I honestly do not believe that is going to happen. Perhaps the bulls are just being cautious waiting for sales figures before getting brave. In my case, if the price drops lower, I buy more. I'm committed here now and I believe that the company is strong enough fundamentally to eventually get to $1.00/share. I can show you companies with less potential that have very little earnings are have rallied from $0.05 to $2.35 sporting a P/E ratio of 200+. I'm a little disappointed in the volume and quiet state of the market the last two days but, the good news is, it's still supporting at the 200 Day SMA and the market is oversold. So, I say not to worry.

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