Larry, regarding the technicals, it will take humungous volume to move ahead. In my opinion, for that to happen, substantive news is required. This stock has had such a history of hyping and false hopes that I never imagined that pure rumor and rumor of rumor could move this stock - BUT IT HAS! But I don't think that hypsters like copperhead and pseudo doc can push this stock through the overhead at 5 and 8 cents. The poor saps who bought at 7-8 cents are dying to break even and they will sell into any attempt at a rally. Thus, the need for volume. SO FAR THIS WEEK THE VOLUME REQUIRED TO GO HIGHER, AND STAY THERE, IS ABSENT. Without news, it will remain absent in my opinion.
So, for the technical picture to improve, the fundos, if any, must present themselves.
Arnie |
