MACD,RSI,MFI,DMI looked to upswing in an oversold Lehman before they filed for chapter 11.
A waste of time it would be if I were to argue and address each and every indicator. But I will reference one - on the daily chart (refer to the ibox). CMF = Chaikin Money Flow. The price (assume) is in a downtrend channel, whilst CMF continues to suggest bullish activity is taking place. When an indicator and price disagree in a strong manner (strong correlation), the situation is referred to as "positive divergence". This indicator is considered to be "leading" that is -- suggesting what will occur in the future or coming term. Since we are dealing with daily intervals, it can be assumed that we are forecasting near term.
Does it make sense that a company with a market cap of 2 million is about to sign a deal for 300 million.
$0.07 x 62M O/S = $4.34M market cap...
The project could be worth $500,000,000 for all know. WLSA's stake, which is more than likely some ~20% of the project will suffice for very significant value, imho.
(Assume $300M x 0.2% = $60M...)
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