Well its simple. The reason we dropped over the summer was becuase of the delayed launch. If you would have been able to predict the delay, you would not have needed TA indicators to tell you there would be a drop. It was how far it would drop that you analyzed correctly (as a good bottom feeder should).
We have the same scenario now. This time there is a deadline on the contract which is more specific than flight sometime in the summer or fall. So the street is looking at this deadline as confirmation on GTE being legit or not. That is why in this case news will create price.
I've said before, pps will not drop below 3.20 support until confirmation of contract. I doubt will even drop that far considering the MF article didn't bring us there.
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