Mango,
Read your postings,good common sense.
Dynamics of the stock different now.As you pointed out in a later
post the market already played the raise the AS/RM game.
Also,the selling before the April pop was lower volume so the over head resistance was much less allowing for an increase in PPS.Totally different story now.
The massive dumpage the last 5 days has created huge overhead resistance.Upticks will be met by present holders looking for selling opportunities just to get out.
I think it's day flipable for a profit because it has the volume,but nothing more.
The only chance this one has is for the company to layout a deal
in a PR with details about share structure and pricing,but we know the chances of that are slim and none.
This one was like so many others,pump the price,create interest and sell into that interest allowing for a few spikes in PPS.
Gee,look what it used to trade for....it's cheap now.
I might be wrong,but probably not.
Have at bulls,the floor is yours.
FTD