InvestorsHub Logo
icon url

Bill Tarson

08/09/13 11:26 AM

#8937 RE: Optimistic Trader #8936

Ah okay; looks like I misinterpreted your motives. Sorry I can't help you with valuation. I specialize in technicals and mechanisms (like market makers and supply vs. demand).

Tbh, this is starting to look like it will eventually trade it's way down to .0000. Slowly, with or without one or two more pops to give bag holders a chance to escape with something left in the bag.

Just what it looks like to me, though. The chart is ugly and the demand is all at .0007, which tells me, they'll want a quick buck at .0009 and then this thing will go to .0005, where the next resistance level is being held, up and then down and then to .0000.

I've seen far better promoted stocks play out to .0000, so it's not that unrealistic.

Just my guess, though. If I could tell the future, I'd own the entirety of Manhattan.