I'm very disappointed by the lack of a bounce off
Post# of 3844
I'm very disappointed by the lack of a bounce off the 200MA. Maybe its the time of year or just the fact that there is no buying pressure relative to the minimal amount of dilution. When I see 1-2 hours go by without a trade I don't think its fair to blame anything other than buying pressure / bid support. I thinkwe have a solid group of longs but we probably only comprise 30-40 million shares all combined at best. Many of us have put "extra" money into EWSI violating our own rules for portfolio diversity in the name of how undervalued this is.
Now isn't the time to be shook even if the price is depressing. We might hold around this .04 range for the next two weeks so hopefully I can finally add some as $$ clears to average down.
On a positive note we just had 8 straight days with 2,000,000 or so volume minimum. That hasn't happened in a while. The pool of investors should be increasing.