Thursday, May 22, 2014 11:53:13 AM
I have no idea if the price will rebound. Why? Generally I feel I have a decent grasp of the markets and understand the dynamics, however I don’t know if the flippers/hedge guys have finished their selling. I truly believe this has been a significant reason why we are where we are. Due to their selling, the momentum traders begin to sell, holding the price down as well. Is the selling over, who knows?
Should it go up, YES.
I am hoping yesterday’s blow off was the last of the selling.
In my opinion this price will increase again to $2.70 and higher and it will not take 5 years as someone stated yesterday. You could see this in 6 months or less.
You might even see the turn around begin today.
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