>>If we haven't seen a capitualtion sell off what are the signs that would indicate this to you? down day with heavy volume? how far down? how heavy the volume?<<
Hi trendmastr,
Well I hope that it doesn't happen, but it beats the "watching an iceburg melt" sort of thing which has taken place over the last months. If that happens, it could really be more pain and stress for all of the current holders. But that seems to be its style so far.
A cap sell off would be on big volume...for this stock, perhaps 500,000 shares or more. If it closed above its previous all time low, that would be good; if not, bad. If bad, where would it go? Who knows? Pink sheets? Ugh.
I sincerely wish everyone good luck. The trend, obviously, continues downward. I see no end in sight and haven't for some time. If we get a cap sell off with a close above, say $4 1/2, I see Allan's scenario having a chance.
Best wishes,
Ed |
