Watch for move above 3 cents by Friday We are com

Watch for move above 3 cents by Friday

We are coming into the lunch time hour and I sit here watching different names rotate off of the 3 cent ask as people keep hitting it even with small share size. Simultaneously, bids keep popping up thick in the high 2's with UBSS and NITE with over half a million shares at .0275.

As mentioned yesterday, Bear camp 2 has hopped on the band wagon of sitting the 3's to pick up some high 2's. These are the bears that just want cheapies, as opposed to Camp 1 who honestly wants to destroy the stock. My call yesterday that things were getting serious when VNDM moved down to low ask was on the button, but now they have moved up to .046.

There was a lot of in between bid and ask fake volume yesterday early in the day, and none so far today, so that leads me to believe that their entire objective was to do just enough to get a sub 3 cent close and hope that weak hands dump early today out of frustration. They should know by now that there are virtually no weak hands left in TECO, they left months ago and all that are left are the hardcore bulls who will keep hitting ask and accumulating shares.

It was funny yesterday there was little volume above .0275 for most of the afternoon, until people started front running and moving higher. Now we see bids back just a fraction below 3 cents. Even if they get hit again and again, I'm telling you we'll see it just pop right back up all week.

Watch for the move back above 3 cents by Friday, there's plenty of time left this week, let alone this month. We should see a 4 cent close end of month as it's only seen 2 months below 4 cents since April of 2011. Odds favor the upside.

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