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Big Momma

02/08/12 11:48 AM

#6628 RE: 24d #6626

It did the same thing yesterday @.0035 then it jumped to .0045.
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cjstocksup

02/08/12 11:50 AM

#6631 RE: 24d #6626

That happens alot when you have bidsitters. Once the CTCC ask get's hit more bids will come in and move up higher as they take out the rest of the ask. They just cleaned out the shares. Now we have only 500K at .0047 and then thin at .005 plus. All it takes is a few nice buys on the ask to get a real run started. We took out multi millions and millions of shares in the .004 to .0049 range in the last 3 trading days. Once we break .005's watch how thin we will be in the .006 to .007 range. I do not see any real resistance for the next churning until about .0075 to .008. Then depending on how tightly held the float is we run hard into pennyland ahead.