I agree that news matters critically but what choice do we have?
I don't think it is a normal shakeout. Who is doing this, selling 1.4 million shares is anybody's guess but I bet it is somehow tied to the big Kahunas who have incentives. It all comes down to incentives. My incentive would be $5 a share. Others may havevarying points but certainly higher than what we see now. The people who are selling have a real financial incentivised reason. The question is what is that?
I am not a chartist not that there is anything wrong with this analytical tool. I think this stock baffles charts.
I missed the low side today but when I came in and saw the price, I bought 10k @ .39 by selling a few losers of mine which I hated to do but believe this is a real bargain bargain price. Would it be better to wait until tomorrow? The million $ question.
One thing that makes me happy is that the volume is now starting to pick up. If you are not excited you are asleep.
Cheers