there are still risk to going down if no good news coming soon.
Yes this happened in December went from 1.20 to 1.03 to 1.25 then back down to last weeks low of 84 or so now back to 99.
So could start testing those number's again if we don't hear anything this month, if your not going long no news seems to be bad news on this one especially with some of its recent volatility.
Yes this happened in December went from 1.20 to 1.03 to 1.25 then back down to last weeks low of 84 or so now back to 99.
So could start testing those number's again if we don't hear anything this month, if your not going long no news seems to be bad news on this one especially with some of its recent volatility.
Still ways below MA50, MA100 and MA200. Unchanged confirmed downtrend. TA says - better safe than sorry ;
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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The company itself has a fine product but the way management communicates needs a serious fix.
Craig or whatever his name is can’t keep saying things and then never giving announcements or updates. It’s almost like he wanted to hype up the SP. the employee options are a little overboard too .
I sold this quite a while ago because there was zero transparency with the balance sheet and with guidance.
Got my interest at least for a short term bounce at these levels. Daily RSI on 14(!!) so has been pretty savaged the last few weeks. Looks like a base of support has built at 80-84, with the last of this round of panic selling on Friday (indicated by higher than average volume). Needs US markets to hold up though.
Mighty good 2 day bounce that was. Positioned for round two...
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Originally Posted by Justin
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