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Re: None

Thursday, 01/21/2010 4:15:49 PM

Thursday, January 21, 2010 4:15:49 PM

Post# of 27507
There is really little technical indication that signals a buy right now.
RSI recently dropped to 48.04% from above the critical level of 70. VTPI is no longer overbought and the stock appears to be weakining
stochastics also point to a bearish trend because the%K is below the %D It is neutral and neither overbought or oversold
The macd is bullish although it is flatining out
These technical indicators really don't mean crap if the company is in the process of diluting the float.
You really should wait. IMHO.
Another factor you should consider is the current overhead. How many people bought over the last few days and are now just waiting to recover. That will strongly inhibit the ability for this to increase the pps