posted
this is what i found another website recommends buying
Today the stock closed higher, at its high (sign of strength) with a higher high and an unchanged low. The volume is extremely low. The security price is trending sideways.
Long-term trend is bearish and it is strong. A reaction occurred because the stock is oversold, and a countertrend rally has started. This point may be interesting for investors who like bottom fishing. Cautious investors may wait for better times.
posted
I have been in this one when it was in the .008's. The reason for the downturn is that the company stated that they were exiting their core business due to the competativeness of the industry.
The stock has found support at the .0014 level and the support is strong.
IMHO, this stock will go unchanged until the company enters a new venture. If within the first quarter of the new venture they show profitability, look for the .01 level.
Yes I'm still holding this. Why? WEll, I've always wanted to see the patterns of a down trend. It's fit perfectly into one. Approx 8-10 x it has hit lower highs and lower lows... now that's a consistant pattern. I just can't see it going much lower. But I said that 4-5x...lol.
I think we have hit bottom, unless more news comes out. I'd have to see a R/S...
Here is the Response on DDspy:
"4-30-2004. Fri. In at .0016. 4-29-2004. Thu. .0013x.0015. Some say the TP in CYTP stands for 'toilet paper'. lol. However, it seems their OS has met up with their AUTH. So, no more shares available. One caveat is that they have surreptitiously increased their AUTH previously, so who knows. Anyway, it's at a nice bottom, lots of people know about it, so volume is no problem. Our order's in for tomorrow. Targets: .0023, .0033, +?. "