Ride the Elevator, page-18

Interesting trading today. Decent volume, over 500k shares traded before lunch so far, and yet, price has not moved from 34 cents.

Meanwhile, the sellers today is sparser than yesterday.

It's only slightly more accurate than reading the tea leaves but I think this is the share catching its breath before the next move up. It would be brilliant if, after a move up from 8-ish cents to 40 cents, the only retracement is to 34 cents.

So if today is the limit of the retracement, what could the next move up go to? The previous move up was about 5 times, perhaps the next move up is another 5 times in price? 0.34 x 5 = $1.70?

Sounds good to me.