I am NOT a technical trader and do not pretend to know a small portion of what a lot of folks here know. I look at the fundamentals of the company and invest based on the information that I can glean – I try to filter out the “gloom and doom” and also the “to da moon” type comments.
But, FOR FUN, if I was just going to look at a four month span of time, this is what I see on a chart that was recently posted here (#134931 - thanks CONIX): An upward channel that has cycles to its movement. The cycles are currently about 5 weeks long with a very sharp spike during the last week of the cycle. The highs of the current cycle tend to reach about 2.5x to 3x of prices found within a day or two of the high of the previous cycle. The price then retraces down around 40%-50% and then the cycle repeats.
Wouldn’t it be great if this cycle happened at least a couple more times? If it did, the next high would be around $0.45-$0.55 and then retrace to $0.27 (give or take a few cents), the next cycle would be up to around $1.35 and then the next cycle would bring us to the promised land of $4.00.
If we followed this pattern, then one day in the upcoming week should see the start of an up trend.
Dang, I know its NOT going to happen this way, but if you’re going to dream, shouldn’t you to dream BIG? In any event, I’m long (and just added to my shares at .1076 and .1051).
ROK
P.S. Enjoy the “what-ifs” with this, but please don’t buy or sell on my dream scenario… :)
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