Good buying action, need follow through. Yesterda
Post# of 39368
Good buying action, need follow through.
Yesterday I said I expected to see a big buyer today, and we saw that first thing in the AM with that 500,000 bid at 2.5 cents by MAXM. That set the tone for the day. Bears answered back with some bidwhacks and a million share plus ask sit which was ultimately hit heavily and then pulled for a positive close.
Hopefully, this should be enough to attract some follow through action tomorrow of large size. What they should be seeing right now is a stock that is holding the lows of a 1 1/2 year trading range, printing good news, large volume buying (for this stock), and the kicker may be an afternoon or pretty much straight buying.
It's not the guy who buy's first that sets the low in a stock, it's the people that immediately follow him that cause other people to follow them and even more to follow on until you go from a reversal to a full on rally.
I think we can clear 3 cents tomorrow, but unless we pop through and close above 3.2 cents my 5 cent price target may be off the table this week and extend into next week. I'm here long term in any event.
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