re: preliminary buy signal...stock_doctor... Stock_Doctor...
Yeah, heaps of shares...it can work for or against it.
The market cap is still low for what they have...and the key issue is that the current price is trading well below the convertible note price of 2.5c...the selling it appears is mainly from the buyers during the recent dip.
Not sure how much more to go, but it does appear that selling interest is seriously evaporating.
Currently 1m on the bid at 1.6, which in my opinion is a very important number...if this holds, or better still, we see reasonable buying at 1.7 today, I suspect the fence sitters may see this as their buying trigger.
Cheers!
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