Replies to post #54775 on Dewmar International BMC Inc (DEWM)

[Schweinemeister]

Chunk o profit taking (smoking hot over the last two months)freaking and flipping; holders just along for the ride. Sellers have been outweighing buyers for a couple of weeks, selling on NEWS pops and with no follow through. After hitting .0334 DEWM was played out near term and has been on a steady decline with stepped down near term support and hitting resistance, if even making that on the news. Not breaking out is stalling this thing; oh and there's no guarantees that it will hold here, but I haven't sold, even when I had a very tidy profit, I believe this company will surprise to the upside. It tapped .0102 2x (at least it was near term support) in two weeks! Looks like a mid day bounce with moderate buying and not overselling we may hang on til Monday and reevaluate. Best I can see is we are in a consolidation channel...