Here is my closing summary for today:
1, Only 5 millions out of yesterday's 15 millions are daytrading and shares were sold today. The rest are being accumulated already.
2, I see there is a support now at 0.01 and it seems strong to me.
3, The fact of accumulation for over a whole week doesn't change.
4, If the rumors are true, such as the earning release, completion of merger, book value, and the usefulness of technology, I think the upside benefit is still outperform the downside risk very much.
5, Nobody knows the float or O/S, it could be big but not massive due to today's trading range and vol. My guess is 50 mils for float.
6, I see the medium volume of trading today as healthy for the stock.
7, I don't comment on price because it reveals not much info for us.
Any others have some analysis to offer as well? |
