The whole point of discussing 2 cents on the downs

The whole point of discussing 2 cents on the downside is to point out that this is the worst case scenario and that it is a low probability event based on over a year and a half of trading history.

There is no way that a trader, an investor, the insurance industry, or for that matter a Las Vegas odds maker can ever forecast anything without looking at historical data. They all use it for a reason, not because it works every time, but because it has a much higher tendency to work than any other mode of forecasting. They all look at historical data to find patterns and assign probabilities on outcomes.

If based on historical data we make the assumption that 2 cents is as bad is it's going to get, and that it is a low probability event, then we can focus on upside.

This is like in football where if a team has good defense then they can not lose. The offense just has to kick a field goal to win, or Vegas odds makers will factor in a higher point spread for the team with a better defense and bring down the money line.

But, back to my point. If we have a solid floor at 2 cents, this means that people will probably be bidding well above it if they want their shares, and that is what the L2 is showing. Furthermore, if someone buys at 3 cents they are only risking 33% of downside versus a very real possibility of the stock revisiting the mid July highs at 7 cents. Since I was looking out towards next week I said shoot for 5 cents since the stock consolidated there mid July through mid August and then again in that vicinity April/May.

This may not be your mode of analysis, but I'm telling you that this is what the other traders will be looking at and they are going to be the ones that move the stock up in the very near term.