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Wednesday, December 08, 2010 11:27:57 PM
Well, that's an easy one -- it all depends on that report. MM's will have to be very careful where they put that opening price. If the report gets delayed again or if it comes out bad in some way, we longs will get creamed and this gets rocked for a 70 per cent loss again in about 10 minutes. That fear kept people from buying hard at the close in my opinion.
However, the company has come out with a press release announcing it will be out by 6 am tomorrow and I do not see why it wouldn't be there. I EXPECT it to be there. Also, I just get the vibes from the press release that it will be good news. It just sounded to me like the longs would be pretty happy and that's just my hunch.
How good will it be?? Well, we should find out pretty soon. This report will probably clear up a lot of doubts people have about this company and how much it is worth. I think the people who think this will open at 1.00 are absolutely dreaming. After seeing how much this stock has been manipulated, every penny gained will be tough. At the same time, if it DOESN'T gap up with a good report, people will be able to get in cheap and you know they will be buying hard if the price is still low. My take is with a good report, some people will want to sell the good news and the MM's know that. Look for them to hold it down and it will take intense buying pressure to move it up over the .69 we saw the other day and it might take a few days to get there, too. Be prepared to hang onto this one a little longer than you thought, but I do think patience will be rewarded.
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