Thursday, November 13, 2014 4:36:02 PM
Either way, I still think we should expect some nice news in Q4 and a move towards contracting production parts and hopefully something from GE or Honeywell for the government funded contracts. Keep your eyes on the prize everyone, it is the future that we are investing in. Don't be too disappointed if tomorrows 10Q is not stellar. And if it is...BONUS!
Technicals.
Resistance - Approx .0953, .1002, .1051, .11
Support - .09, .0827, .071
Broke bearish out of a descending wedge today which caused a bit of dumping down to .0827 support area, but closed back up in a pennant at .0928 that has been forming from the low of .079 on 10/13 and the high of .115 on 10/20. That pennant has resistance at .097 and support at .0925, depending on which breaks first after earnings will determine our direction.
GLTA! Tomorrow will be very telling of short term movement. Myself, I am hoping for something significant, but not necessarily expecting it. However, my long term outlook has not changed at all. Not adding at this level, but will if we approach 400SMA but I am still holding long $SGLB.
GLTA!
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