Saturday, December 05, 2009 10:34:15 PM
the 200sma is at about .20, the 50sma at about .16 and the 100sma at .10. That 200sma is the first support level, even with no news on the share cancellation you could consider that a solid entry point.
We had a Golden Cross on the 50/100 in early November. The 50/200 Golden Cross is now within our sights. That 50 only needs to turn up a little and we should have it. With the recent news, it's a matter of when the 50/200 cross happens, not IF. Shorts are screwed. JMO.
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