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stocksniper1

02/17/12 12:36 PM

#3959 RE: MikTrader #3958

The key here is not just news, but what the holders do. Last time there was news, everyone panicked and sold at 4 cents. There was 5 million shares in volume that day. If people would have just held, the demand would have just ridden the price higher; possibly past ten cents. With that said, if there is good news, people have to hold a little while and allow momentum to be gained. Even now, the price is higher at .02. If everyone gets on board to sell, it will create a resistance and not allow this thing to bust through.
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stocksniper1

02/17/12 12:37 PM

#3960 RE: MikTrader #3958

At this point, holders need to refuse to sell anything under .02. Don't give in to the low ball ask.