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Epic

10/25/13 10:45 AM

#6485 RE: Epic #6483

With news next week the 60 min chart pinch could pop over .002 .. all depends on bmak
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SynthTrader

10/25/13 10:57 AM

#6493 RE: Epic #6483

Well, he was moving OK earlier today with hits between 1 and 2 million. He seems to go wherever the retail volume takes him. If somebody sells on the bid, he'll jump down. If people buy the ask, he'll jump up. BMAK has been a pain, but has shown a relatively good deal of control. Even on the run that we all wished was going faster and higher, BMAK let it go up some, then would follow it down to logical support levels. Yesterday when retail sell-off hit heavily, BMAK followed, but didn't push to take it below the lower bollie (again, a natural support). I just think if BMAK was only there to dump, he obviously has the shares to take it to the 000's in a heartbeat, but is willing to let it move in a controlled fashion wherever the market wants to take it. We had a nice trend going, then a bomb dropped yesterday, but let's see if the trend can settle back in. 2 positive points-- lower bollie held, and we didn't touch old low of .0012 (barely).

Back to waiting and watching. Too bad I bought the 20-DMA support again, just before it broke. We would be touching that upper bollie right now if not for the A/S bomb.