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Re: None

Thursday, 10/06/2005 10:11:02 PM

Thursday, October 06, 2005 10:11:02 PM

Post# of 1311
Only 59% until we are past .135 resistance

A move from .085 to .135 is 59%. That should be easily achievable. And that kind of move happens all the time in one day, in OTC land. Once this happens, it will likely trigger a whole slew of new traders who scan for stocks reaching new 6-month highs in an uptrend that break out above former resistance.

In the meantime, I think it is possible that we hit .10 before any news comes out, based on sheer momentum (.10 is only an 18% move from .085). That will probably trigger some selling, as several small-time posters have stated they plan to sell at .10, so we should all expect that to happen, to a minor degree.

Chart looks good; the stock is doing exactly what stocks do that undergo fundamental shifts in their make-up, ie: developmental to emerging performer. Bigger moves up, smaller moves on backfilling. And let's face it, the big volume days haven't really started yet (outside of one last month).

This is getting really interesting...


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