AI
Wednesday, March 05, 2008 11:31:55 PM
i'm ready to toss out the channel from the downtrend and focus on what lies ahead. the intersection of the dashed red line and the solid green at the bottom of the channel may be the full extent of the dip imo. this would fit with a last ditch effort to shake the tree before the fundamentals of the 10-K (due between 3/31 and 4/15) loom large enough in traders' minds to start pushing the stock higher.
the good news is if i've got this channel annotated properly (it's not all that accurate to draw trendlines from the tops, but in this case the bottom is not yet defined) we could see $1.40ish by the time the filing hits. given everything that's happening now with regard to fundamentals that seems reasonable. jmho.
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