Shorts continue to have their way with this stock. Recognizing that the institutions ( see earlier posts with link on institutional holding changes)are noticeably reducing their holdings) shorts continue to have their way knowing lower lows are ahead.
Moment to moment reports on each tick and short trading has done little to provide useful information on the direction of this trend and thus helpful.
Follow the trend , the behavior of the institutions and shorts on balance and of course basic technical indicators and charts for information. Momentary reports on every trade is in my opinion valueless and often misleading.
The overall market behavior will create bargains more attractive than those already beaten down without fundamentals to attract new investors.Better bargains will exist elsewhere.
For those looking for a bright spot, wait for the imminent capitulation and buy into it in my opinion. I believe a good trade and trade only can be seen in that.
For those waiting for a fundamental change in the company and the stock, I suggest you read para 6, of yesterdays release on the Salvador contract. In it you'll see where Darryl Jameison states,
"....a couple of years to sustained operational profits".
So, it'll be "years" before holders should expect a sustainable operational profit to evolve.. I've gotta respect his words.
Translation- Forget the day to day information.... it's useless, trivial,and has plenty of misleading information. It's for those who have little else to do and lacks usefull information in guiding others. In short, it's garbage.
All of this is my opinion only of course. But let the past be a basis for the future expectation with short term blah blah blah data.
