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Re: fringe_remnant post# 43723

Saturday, 12/29/2007 12:37:10 PM

Saturday, December 29, 2007 12:37:10 PM

Post# of 107353
I agree, the chart had been on a downtrend for the past 2 months, due primarily to silence from the company as we waited for the mako deal to close. That silent period also allowed a gap to close at 93 cents. Now that the gap has been filled and the mako deal is done, I believe we are beginning to rebound. It hasn't been confirmed yet from a technical perspective, but the fundamentals are so strong that I think all it will take is a few juicy PRs and a nice January effect, and we'll be heading back to new all-time highs. We've already made a nice rebound from 76 cents, and I don't think anyone expects every day to be a green day on the way up, just as long as the trend continues in the right direction. Once we get more volume after the holidays, I think we will see how truly thin it is on the ask.

I am sure some of the fundamentalists and chartists will have a lot more to add here.

Rhino

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