Up Tank

[buckhunter102001]

Bass...I haven't looked at any of the fundamentals but just looking at that chart it looks like a textbook Head and Shoulders Top Formation. If you expand the chart to the weekly, the current PPS is back down to the average pps for all of 2010 and 2011. I'd personally steer clear of it unless the fundamentals are there. In other words...it still appears to be in a downtrend after creating the right shoulder and necline. I just glanced quickly at the recent 10Q and for the first three months of 2012 they've almost trippled their net comprehensive loss over the same time period in 2011.

http://en.wikipedia.org/wiki/Head_and_shoulders_(chart_pattern)

I vote, stay away