Papas .002 is a good place to add. If we see the
Post# of 1609
Papas .002 is a good place to add. If we see the bid hit .0019 then I'm stepping in for several million shares. The volume is drying up. Yesterdays sell off was due to CSuck sellling his 10 million shares. Yesterday16 million shares, today we see 4 million shares. Tomorrow I would like to see an even further decline in the volume or be about the same. I mean 4 million is pretty low. That is why I'm not buying I don't want to run up the volume numbers. Also what will be interesting is if we get another round of say 30 million shares diluted and we don't have the daily volume to support that kind of number then it further tells me they have a huge buyer taking those shares. Sometimes we have to be smart investors and really pay attention of the action going on. I noticed today we had some good support several times on the bid at .0021, over 2 million shares at times.
What you have to watch for is when you see big volume sitting on the ask. If bid is say .022 and ask is .0025 like I seen today then you know that is the flippers. Don't buy those shares, especially when you have those big spreads. That is a flippers dream. Make them hold them shares for as long as possible. I'll let you know when I'm going to start to buy.
Take care my friend,
Mike