Re:"Better watch out. I think we are breaking out ! ! !"

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Biajj2too

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Re:"Better watch out. I think we are breaking out ! ! !"

in response to

Better watch out..... I think we are breaking out ! ! !

bankerson

posted on Mar 05, 2013 11:32AM

The demand for stock is so thin that any buying interest at all could blip it; and since there are so many shares in the float, I don't consider this kind of extreme light action as a technical validator of any sort to determine a trend change.

We've already seen .14 very early in 2013, and I don't believe the trend from that date forward carries any genuine significance.

IMO a "breakout" would occur above 17 cents ..... having us busting through those April 12, August 12 and December 12th highs at 17 cents; even though two of those three pricing events were on light volume too.