Though the past few weeks have been pretty dismal, on the other hand maybe the stability is a good thing. Once this monkey goes up maybe it will stay and not wildly fluctuate? Volume has been steadily low but if todays trend holds it looks like it could be just a pinch higher today. The climb up has to start somewhere!!
all i can say is these mm's are good. as soon as we lose all hope, we will go up, maybe we are there now
Soon the Bollinger Bands are going to be at 33 and 35. Support at 33, resistance at 35.
I'm growing tired of the "less" releases SIRI keeps putting out. Do they honestly think Jeter interviewing Cal Ripkin Jr is news worthy to the investors? Gimmie a flippen break.
I'm discouraged.
actually when i see how skinny the bb's have gotten that gives me hope.
I woke up this a.m. and saw the drop under .33 and thought, here we go with the 30 second plunge to mid .20's and almost sold all at .33, then checked myself and went back to bed.
Now just a little bit ago, ther was a 1.5 cent pop to close to .35 cents and something similar happenned yesterday.
Something is stirring here ???
We are on the verge of total capitulation and hopelessness for some retail investors who are avg at .40 to .67 to break even,they are pissed they didn't sell last time it reached .63 and IMHO as what i've seen written in postings in some places,they are ready to sell and move on,which is excactly what MM's have been trying to accomplish with this sideways down action..
to the contrary Relmor,when it dropped to .325 range alot of buyers and sellers moved in to level2...They liked what they saw and I think they are getting ready to let this puppy run upto the high .50 low .60's range and pick up about 150 mil shares along the way...
P.S. Now remember this will probably happen in 1 or 2 days and go right back to probably .40 range IMHO
Last edited by JohnnyIrishXM; 06-11-2009 at 01:06 PM.