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Technology Stocks : ACII - AmeriChip International, Inc.
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To: friday13 who wrote (1938)4/28/2006 10:14:35 AM
From: grizzy  Read Replies (1) of 4616
 
The reason I suggested a new floor is due to the following:

- The Tier 1 supplier announcement is an important milestone...the company now has solid ground to stand on for projection of revenues.

- Previous spikes have been just that: spikes...so far we've held solid at this
height despite the drop in volume

- Level II (non-realtime for me, unfortunately) suggests a solid bottom of
buyers around the mid .07s....the goofball MMs will likely avoid this as takes
away from their fractional commissions on the small percent trades. In
addition, the last time we had support that strong was in the mid to upper
.03s.

Just my .02 :)

-griz
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