When you think about this, we could see a strong move north once the right drivers come in. MWIP was taken down from .04 at the beginning of October to the .01's within three weeks due to the R/S news.
Imagine what the pps can do with a strong series of news releases in short succession? Panic buying can do wonders for this stock, and I am beginning to think we might see such trading coming any day now.
Like the way the chart is beginning to shape up. MACD turned positive a few days ago as has RSI, accumulation and CMF. We are now approaching the middle bolly at .023, and if that is broken, we could see .03's very quickly. In the next few days we should see a cross of the 5 through the 10MA and then the 20MA after that which should provide a nice boost.
Overall, I think we are set up to bounce hard back to .04 in a week with strong news. I wonder if Friedman is thinking the same and will be exploiting the dynamic to set a new uptrend.