Replies to post #12405 on Tactical Air Defense Services, Inc.(fka TADF)

[Cardinal Grammeter]

You cannot "see" a bottom until uptrend starts.

While a stock is in free fall downward, every day "looks like" a bottom.

Further while in this downtrend, there can be periods of consolidation and false rallys - both of which can easily be erroneously identified as bottoms.

What is really concerning to me the past few days is that trades below 7 (haha, forget the zeroes!!!) seem to be more frequent. These are portents that the down trend is about to resume.

In a day, we could be seeing a range of 6-7 instead of 7-8. That is another 15% decrease.

But what is worse is that if that happens, the fairly long "consolidation" at 7-8 will have failed and that will indicate there is no longer any substantial support at that level. And the longer this consolidation period, the more sharply the stock will fall when it breaks down.

This is because the substantial support was a group of people that kept buying the stock. Once that group buys as much as they are willing, they no longer comprise a support group so the stock will fall. But since they were a substantial group, they shored up the stock against a lot of selling. This selling density will continue but now basically in free fall until the next group of supporters jump in. There will be support at .0001 because that is a Numeric or Cardinal (haha) support level.

Seriously, in days we could be seeing a new consolidation at lower levels - my guess would be 2ish.

And please keep in mind there is no limit to how low this or any penny stock can go. We're at three zeros. There is still 4 and 5 zeros.
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Regarding number of planes, well there is the IL-78 and the SuperT. There was some kind of $6MM deal for a bunch of planes (F16's?) that sounded too good to be true? And that is about all I can think about regarding planes. Like that recent poster said, "...ONE plane?" But I think that is about where we are at and yes, it doesn't look very impressive. I seem to recall that this plane also does not have the 50cal machine guns either. What's the fun in that???