Converted Organics Inc (COIN) Falls More than 15%, Holds Support Line
Converted Organics Inc. is one of the few stocks that have brought enormous returns to shareholders in the current market conditions. In August the stock consolidated around $3.10 only to explode and reach $7.83 on news that the company will supply seven of Gro Group’s major distributers that service as many as 15,000 lawn and garden retailers. The stock price didn’t hold that level however and quickly returned to the previous consolidation level. Shortly after that bounce, another took form that reached $6.47. As with the last run-up, the stock didn’t hold the higher price level and is now back…