Durk at least you're being honest. I gotta tell you as a follower of ZENG it gets old not only listening to incessant bashing, but incessant pumping as well. It seems like we have a glut of ZENGSTER'S who cannot resists but post "huge bounce" or "will take off tomorrow" every single day or every time it moves up a tick. Heck, if you throw a ball enough times at the ocean you're bound to hit it. A little thing called "patience" is the key here.
I like your T/A ...... it's more along mine. The intraday was good today because it showed the selling stopped. Always nice to see an inverted hammer.......but Is it permanent? I can't confirm that until I see a nice little doji or engulfing bullish candle. I'm a fan of the 3 month chart in getting greater perspective on what the stock is going to do in the short-to-medium term. Right now everything is trending down. RSI, slow stochs, MACD. Not to mention volume is trending down. I've seen these moves a MILLION times and we're settling back into a support level.
We'll know more tomorrow. Friday's are notorious sell off days. I just keep referencing my experience in ESYM and having watched BEHL and I get more perspective on how these Bio-Fuel stocks are trading. We need "meat and potatoes" .... actual news of which facilities they are going to acquire. We need production. We need product. We need profit.
BTW, having a free account sucks because it only lets me make 15 posts a day.
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