I also jumped ship on monday after getting totally dis allusioned with price action.Support after support after support has given away for months now with the final one at .80 being the final straw for me. I cannot beleive the somewhat concerted effort to force down the prices over the last few months with the classic one on june 3 with one buyer pushing the price up from around .86 to .92 demonstrating a bit of strength but it was not to be as within minutes a market order had pushed prices down to .80. This has been a pattern for weeks now with piddly sell offers like 5 sellers with 1200 shares and the buy side slowly build up only for it to be taken out by an outsider.
I somehow feel that Icred may not be far off the mark as far as some sort of turnaround is concerned.I just get the feeling that the same people are buying and selling their own shares over and over again.
There seems to be no shortage of people on many forums who keep "topping up".They dont seem to be making much difference.I was caught out badly in the Uranium "pull back" last year by averaging down....never again though.Much safer to average up on signs of strangth.
And as far as beleiving anything MK says just remember back when he was making a tilt at CSM and they cast doubt on TTY value as opposed to a possibly inflated share price....MK in one of his statements said the price was worth closer to $2 than 50 or 60 cents...never got there though...Good luck to holders and I'll keep my eye on $1.05.
TTY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
