InvestorsHub Logo
Followers 206
Posts 5277
Boards Moderated 1
Alias Born 09/28/2007

Re: crable post# 135

Friday, 08/29/2008 3:56:54 PM

Friday, August 29, 2008 3:56:54 PM

Post# of 231
I'm the wrong guy on PR news. I look at stocks from a chart only stand point. I like the fact that the ADX has remained high all week and any time the MM's give this guy some slack it runs. I jumped in about 8 days ago when it hit a bottom of .105 I didn't get any of those share but did get filled between .11 and .12 the chart tells me that reistance is heaviest at .22-.23 if it breaks that we could run to .35-.40 but I don't see the pressure there to break resistance. IMO the chart knows the news before we do and it says something good is on the way because of the accumulation over the last 3 days. People are getting in and holding which is going to eat up the remainder of the cheapies. Look for a pop in the earlier part of next week. If its coming it should be then, about the time they will make an annoucement on the restructuring your talking about.

Those that suceed lead! Those that fail follow! I'm not your dad and I wouldn't claim you if I was, do your own DD before you play the pennies and don't invest what you can't lose.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.