Why are we thinking diluted??? Bouncing back, still in our bottom coming up...
Just a shake..... "?" I'll dig into it tonight when I'm home, but keep in mind MM's do like to drop the bottom out of stocks right before they cut them loose at times too...
May or may not be the case here.
Later tonight around 10:30-ish I'll pull up my big scanners and see what's what. But, we have support at .01 and that wasn't broken, so I'm not too freaked out, they done that every week before a good week ~
I have noticed that Penny's do this for whatever reason, almost makes me want to just play Stock Options instead... Look back on penny's that took off and see that the price falls before that happens 9.9 times out of 10. I think that's BS! MM games on OTC pure and simple...
Notice the RED candle sticks in the WEEKLY chart ALWAYS dropped to this support level of .01 then had a great following week, only to be repeated.... 3 TIMES this has happened, so I'm not surprised, yet I am....
CMoney Flow is NOT "tanking" even the money index is just running hot, -not tanking. Stochastic is high and it looks like it is simply going to cycle again to oversold IMO ~
Even Accumulation is not tanking with the amount of shares that where traded...
If I could find a reason to bale I would say... but right there are the most important indicators to watch IMO, everything seems normal, looks like a simple Stochastic reset that will go from Over bought and cycle to oversold then we go up again...
And what do you know.... Right in time for next weeks white weekly candlestick
Very predictable ~
As always time will tell, but I'm cool, support holding fwiw ~
posted
I have some shares I bought awhile back. It has been getting a little interesting lately....
Posts: 741 | From: North Carolina | Registered: Feb 2006
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sold at a loss today when I could have sold yesterday for a profit - sometimes greed gets the best of me and I always suffer for it.
Posts: 1220 | From: Denver, CO | Registered: Jun 2005
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ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Mr. Batmasian entered into an agreement to acquire 30,000,000 shares of common stock at a price of $0.02 per share for total proceeds of $600,000. The issuance of the shares was completed on January 21, 2007. Mr. Batmasian paid for these shares out of his personal funds.
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