A lot of talk around here (on the other thread) about 30c being "really good support", "great long term support" Well it was very heavy resistance for about a year from Nov 08 to Aug 09 until the sp finally broke through. You will notice it never came back to test it, tells me it won't last long as support imo. Also when you see two large red candles on a weekly chart it is almost always followed up with a third which would take it to approx .21c imo. I was trading it about a month a go as the daily chart was still intact imo but once it fell through .49/.495c it was all over.. 80c will be a memory for some time.
I think inference and others make some good points, if you are a buy and holder you should be very annoyed with the CFO of this company imo. Something very wrong imo. Concerning thing is getting booted out of the XJO which would make it a sell for the instos who haven't already sold.
All time WEEKLY chart with WEEKLY slow stochastic
VBA Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held
