OPTION PLAYS

[myDDdotcom]

GX--I took a look at the technicals last night, a couple of things made a reversal look like it's happening, specifically, OBV higher this dip after its rise to 20 then the previous dip, also, the second price dip doesn't go quite as low (double bottom), and the accumulatation/distribution is moving up. All three good signs toward a trend reversal.

http://www.equis.com/java/

Take a look at the MA crossover. If this can break over 17.5, the 20 would go above the 50 day, at any rate, they are within a week or so of convergence, which would forcast a breakout in one direction or the other. IF you extend the timeline out a year, you'll see it's way oversold, given the previouls tightness of the MA indicators.

Also, at a years length, look at bollinger bands, often, the key st reversal is just after the price rises or goes below the bands-- pretty good when to sell and when to buy indicator here for this stock.

Right now we are in the midrange, about to see convergence of the MA lines, so dips are good for accumulation, as a st breakout is imminent.

imo