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No. of Recommendations: 2
zt

You are into the numbers but have you counted on the pychology of this stock. I think I posted here about this awhile back. The stock used to trade in a range of about $1 to $4. You would see the rise to $4 and then a major sell off until the price got back to about a buck or two and the sellers would again become buyers. I mentioned then that the popularity of the stock would grow and atho you would keep seeing this pattern the floor would start to rise as more and more of those that bought in at the high point would be those that we refer to as "cheerleaders". We are starting to see more and more of them, they are looking long term, at least for now, and they are not going to part with their shares anytime soon, certainly not at a loss. I am not saying they are right but they will have an effect on the base of the stock. The fewer traders and the more cheerleaders means a more stable bottom, at least for awhile, until another big jump makes it worthwhile for some of the cheerleaders to part with their shares. Personally I don't expect to see any big drop soon. I look at a bottom of around maybe $3.50 to 4 at most and more likely the higher end of that. When dealing with a "consumer" stock such as this it is wise to take in the pschology of the consumer as well as the numbers when making your decision. Humans are not rational creatures.

herb
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