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Wednesday, January 30, 2019 9:29:41 AM
1. There are a bunch of sellers who have just had enough of ww, and
2. They still wish to get some money back out of this and regardless of the Q and K pony show, they don't see a whole lot coming on the upside in the near future and think they can put their $$ to work better somewhere else, and,
3. Unfortunately if it breaks below .37 area we could see mid 20s very easily as recent value buyers on the technicals will get flushed out.
Barring any radical change in the numbers- if they are ever released- I am a buyer in the .30 area and a seller in the .50s if that should happen. In the meantime this puppy is a useless waste of time. Management is critically deficient. We all hope to see signs of that changing but it's doubtful.
JMHO
GLTY
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