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Sunday, July 30, 2017 12:50:20 PM
Let me take a couple min and be realistic with you here. For everyone that says this week is going to be massive, You may be correct. For everyone saying it may drop, you may be correct. This is the no crap comment of the post so bear with me....
Two Possible Scenarios
1. Merger Complete
If the merger is finalized and announced then we will see a run into .35 to .50. We basically can throw out all the charts from the past once the merger is finalized because we will be dealing with a brand new stock in itself. Once the merger is announced, we will have every new comer and short chasing the OMVS wave into dollar land.
2. No merger news
If we don't get any merger news, we will see the bears push this down again around .12. The shorts will do well by buying up those areas then selling on small runs. The longs will again gobble up all of those .10 range prices. For anyone who thinks you see below .10, you are fooling yourself. It's simply not going to happen. The new base level is clearly around .12. You will see Monday-Friday the shorts winning until late Friday again and then it's a buy buy buy so you don't miss the merger over the weekend.
August 10th deadline is still the dead line. We have the Steve tweet Friday and everyone, including myself, is excited about. Was it the merger? Was it a major contract? God only knows. Like Steve said, this deal is 99.7% done. However, until it's done I think it's very fair to have your doubts. Let's hope for the merger news soon and then start debating which major contract is better than the other. Hope everyone had a great weekend.
SB
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