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Friday, May 13, 2011 8:53:36 AM
Here is another way to trade ASR, looking at the following chart you can clearly see in the last 3+ years it has been within a set range. What we saw in 2009 was a peak high due to hype, but also a oversold low but given the norm what validates a range requires frequent revisit.
So from this logically I can say a realistic target high lies at 4-5 dollars and a realistic target low at 0.25 (anything below 0.20 is a screaming buy)
it is obvious the middle of the two is right at 1-1.2 dollars.
some can trade of this notion without even worrying what good or bad news the company may bring.
hitting 1.2 wont be a problem, with any semi-significant news this quarter, I guarantee you we will have a shot at 4-5 dollars. Anything beyond will start getting very overbought and over value.
![](http://i278.photobucket.com/albums/kk118/genmaster/asfx051311.jpg)
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