Thursday, November 08, 2007 6:50:52 PM
Bearslayre, You're making me think now, damn I love it!
First off I really need to know if you currently have a position in ARTW, and if it is short or long. Since I don't know this I will give a general analysis as to future trend.
The daily chart looks like puppy poop right now, Yes I agree that the extremely low float has made this stock run from $9.00 in June to almost $27.00 in October, This would have been a great trade in June. But with such a low float, once people start taking profits (Which I would do) The low float can also make it drop just as fast, if not faster.
Let me put it this way, the daily closed below the 20 today, my cristal ball is broken, unfortunately, so until the price closes above $27.00, I would be on the sidelines watching. The risk of it going down further, is just too much risk for me to jump in at this point. Don't get me wrong, I'm not saying this is a bad play, but taking a new position now, has alot more risk then I am will to take!
Low floats are great on an uptrend, but they can be disatrous in a downtrend, Right now I just don't know.
Heres the daily chart, just look at 5/10/20, and also, CMF and MACD arn't doing that great either!
First off I really need to know if you currently have a position in ARTW, and if it is short or long. Since I don't know this I will give a general analysis as to future trend.
The daily chart looks like puppy poop right now, Yes I agree that the extremely low float has made this stock run from $9.00 in June to almost $27.00 in October, This would have been a great trade in June. But with such a low float, once people start taking profits (Which I would do) The low float can also make it drop just as fast, if not faster.
Let me put it this way, the daily closed below the 20 today, my cristal ball is broken, unfortunately, so until the price closes above $27.00, I would be on the sidelines watching. The risk of it going down further, is just too much risk for me to jump in at this point. Don't get me wrong, I'm not saying this is a bad play, but taking a new position now, has alot more risk then I am will to take!
Low floats are great on an uptrend, but they can be disatrous in a downtrend, Right now I just don't know.
Heres the daily chart, just look at 5/10/20, and also, CMF and MACD arn't doing that great either!
WT
"Everyone has genius in them, you just need to find out what it is" Robert Kiyosaki
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