Chart Dude. Went back and re-read the posts from yesterday. First, not my style to pick a fight or come across as condescending as it sounded. The point I was trying to make is that the 13g filing was not "news" for the stock in my opinion, at least not the news people are waiting for that's going to make them start buying or selling. It's old news in that it was already in the filings and who even knows where those shares are going to end up. They'll could get tied up in litigation and may even go back to the company. Who knows. In my opinion, the news is that the company filed it and what that says, but that doesn't tell anyone who is watching or holding something they aren't already expecting, so no real news, and not something that's going to cause anyone to hit the buy or sell button. Regarding the chart, in my opinion I just don't think this is the type of play that you go all in on charting. In other words, not one that I would be playing my whole position on the chart for fear of getting left behind. If you're not worried about that then have at it, and that doesn't mean you can't play it and make money in the interim if you're reading it right. Everyone has their own style and hopefully everyone makes money either way. If you think it's a crap play and just wanna play the chart then cool, but not a good look to bash or pump the legitimacy of the long ball according to whether you're in or out based on the chart. That's just my two cents, and if you don't want it I'm going to go ahead and use it to buy couple more shares. LOL
