Doubts about longer term. Shortterm great!
This stock will be brilliant (what am i saying?! !!IS!!) a great trade. But longer term?
So im gonna scalp free shares, If all hell breaks out in the future I wont make a loss. It seems to me that they are too reliant on other bigger players. They just fill in the flights for the others that get the flights. So what happens when contracts expire, when other companies dont survive?
But as it is now the signals for a great trade are mostly green
-MASSIVE positive volume, nearly 1/3rd of the float went through in 2 days.
-ADX is turning direction and will speed up with the big move of 2 days back. So when the momo is up and ADX stays nice and strong then we will ride a bit of trend.
-RSI turns up after breaking a "downtrend" and oversold status.
- MACD signalline is about to cross above 0 and histogram went positive 2 days ago.
- Stoch broke its downtrend by breaching the lower and lower lows with higher values. Besides that the fast line crossed above the slow line in oversold territory.
But the bang for th ebuck might be the 200ma. That would be a great technical break. Bolinger is coiled like mad.
As stated earlier Im not good at the fundamentals, and I dont understand most of the company earnings patterns.
But a quick scan indicates to me that they cap is nearly 4 to 5 times below equity. Current assets are close to 2 times the current liabilities. Which ofcourse is good. Along with the massive revenue for a 22million cap company indicate to me that this might be a decent value play.
But all those lawsuits of which some were settled (hmmmm), the fleet of planes that are undesirable to other companies (info from google boards) and the overal dependency on other companies just scares me.
It sucks that I am incapable of deriving proper value related numbers just sucks. This implies that is a BIG likelyhood that I am wrong in my conclusions as posted above! Im in big and I am not bashing! Im just not getting a fuzzy feeling all over if you get what I mean. So I wanna know the risks.
What are your opinions on what I posted?
