I'm by no means a TA expert, but I'll throw in my 2 cents. According to posters on HSM, there was dilution during the recent run-up which I guess is now manifesting itself. Like I said, there's a huge amount of hype around the company, much of it produced by the company itself, from what I can tell. A poster on HSM said that a company rep told him he wouldn't be surprised if the stock hit $10 by the end of the year. I have the feeling there's going to be a lot of money to be made here off of PRs .

__________________
No one saves us but ourselves. No one can and no one may. We ourselves must walk the path.

Buddha

Yeah, they put out a PR practically every day! most with incredible news of huge contracts. Makes you wonder...

But I agree there's money to be made here. Just wait for a good "buying opportunity" :D Low .40s maybe...?

__________________
It is my right and my duty to be rich.

Charts support a buying oppurtunity right now actually, IMO. Haven't done any reading of this thread so forgive me if I state something obvious. For those of you who have watched greencat's cd, you'll notice this is a typical run up pattern. Run up, consolidate, run up consolidate. If it holds the 5day or 10day MA, you're in good shape in general on slow moving stocks. But with fast moving stocks (less consolidation) I'd say the 5day MA is a safer bet (a good place to get out if it drops below it). I see a hammer Thursday, which leads me to believe it'll head up again Friday, especially since it held the 5day MA. Sto has come back to 80 and should be ready to curve around again. However, if there is dilution going on, despite what their PRs say about dilution, be ready to sell if you get in or are in. Have an exit strategy and stick to it. The way I would play it is get in near open between .5 and .55 then be ready to sell if it doesn't hold .45, a 10% stop loss.
Low .40s might be a good buying oppurtunity if it decides to hold the 10day, but it'll be iffy to me at that point because the MACD will have turned and started to head down and the sto will probably drop below 65 and the RSI will drop to a semi good area. If it does drop that low I'd wait a few days and see what it does.

On a side note: If they're releasing good news PRs about HUGE contracts and the PPS doesn't go up as much as you think it should, it's 9 of 10 times dilution. But also be careful of HUGE news with pinkies, recall SLJB, CSHD, NWOG and some others I can't remember.
Good luck!

It's definitely consolidating now, the question is for how long and which way will it break after? I think the hype will produce another move up, but you never know. If there's a lot of disappointed people who were expecting this to hit a buck by Friday, there might be quite a bit of selling happening in the next couple of days.

__________________
No one saves us but ourselves. No one can and no one may. We ourselves must walk the path.

Buddha

Back in at .53. Conference call Monday after close, hype may push it during the day Monday, with hopefully good news on the CC.

__________________
No one saves us but ourselves. No one can and no one may. We ourselves must walk the path.

Buddha

Looks like we're getting another buying opportunity.
But I think it may go even lower (high .30s - .40 ???).
I'll be waiting... ;)

Honestly, this stock is giving me a headache, figuratively speaking. If you heard the conference call last Monday - it was bizarre LOL!

Never a boring moment in the Pinks LOL

__________________
It is my right and my duty to be rich.

You guys following this? It's been going up all week.

__________________
Disclaimer: Any stocks I comment on are my opinion only. Play the stock market at your own risk!
My Bottom Plays: EVERYTHING!
SMC - THE BEST STOCK MARKET FORUM
FREE LIVE CHAT if you join Stock Market Cats
"A government big enough to give you everything you need, is big enough to take everything you have." - Thomas Jefferson

Yeah I got 2000 shares in this. Good week so far, but it didnt break thru .50 today like early trading indicated. We'll see what happens, but I'm holding for the next couple of weeks unless indicators start really sucking.

__________________
No one saves us but ourselves. No one can and no one may. We ourselves must walk the path.

Buddha

This looks poised to move higher again. MACD crossover about to happen, RSI not overbought yet, and big news are expected in the next few weeks about contracts signed. Even better, there's no sign of dilution so far.

__________________
No one saves us but ourselves. No one can and no one may. We ourselves must walk the path.

Buddha

I hope everyone else is watching this stock. The technicals looks so good it's amazing, I hope they are not lying to us. LOL This is a great company with an excellent product.

__________________
Disclaimer: Any stocks I comment on are my opinion only. Play the stock market at your own risk!
My Bottom Plays: EVERYTHING!
SMC - THE BEST STOCK MARKET FORUM
FREE LIVE CHAT if you join Stock Market Cats
"A government big enough to give you everything you need, is big enough to take everything you have." - Thomas Jefferson