I see nothing in the TA, momo-wise. There is no clear direction of money flow. If you're looking at support, look what happened as it progressed confidently, steadily upward to .23 a few weeks ago...only to collapse due to some unknown shenanigans.
This is dead or risky money here until the Savoca thing is worked out at the AM.
You want momentum? Although foregone, check AMLN, which I grabbed at lunchtime, or MCLL which I picked up yesterday, and is still running solid, though stuck right on the 200DMA. I see no such similar underlying behavior on SGII.
For your own education, I would definitely glance at some of the wording in the SEC filings, regarding the uncontrollable nature of the past debentures.
Don't get me wrong, the technology is fantastic , but there are some serious financing and corporate problems. I've been part of similar stories in the past...NCTI, TTRIF...be careful. |
