Replies to post #31368 on Value Microcaps Motherboard

[MSGI]

SVL, seeksup, I don't know why it is dropping unless like I said, somebody wants out badly. They probably have a huge profit and want to show a profit for the quarter.

[SSKILLZ1]

Seeksup, (On SVL) It has had a huge run up. If we just look at the runup from $1.80 to $4.30.

Retracements (Prices for Retracement levels)
$3.34
$3.05
$2.76

Also keep in mind the 50 and 200 day moving averages ae no where in sight, with the 50 day being at $2.40 right now. The RSI was over 70 (until today's drop) (Typically means overbrought)for the better part of the last month, so I wouldn't be too surprised if the shakeout continued to the 62% retracement level, and waited for the 50 day to catch up some. Then again I could be wrong, and the stock could start to take off from here. Hope this helps