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Re: SUB2CENTS post# 24421

Friday, 05/04/2012 8:48:10 PM

Friday, May 04, 2012 8:48:10 PM

Post# of 80868
I have to say, I am new to the mslp board, but not to charting. I don't really see the pennant, although I understand where the idea could come from. With a pennant, the upticks should some close to where the peak was. However, the mslp chart only goes up slightly. I more realistically just see a heavy resistance level at the .018-.016 and would definately be buying here, as I did today. I think that the stock will go up in value, but not because of a pennant. The more realistic logic wouldbe that the shorts begin to see a bottom and the market will begin to be overwhelmed with buy orders to cover and the uptick will cause more uptick.