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sltrader

05/19/14 10:13 AM

#38518 RE: Texacoon #38512

I am not "spewing negatives"....I am simply stating the truth about how this is trading right now (and its not good).

I as well have been around a long time and have (had higher hopes in the past) about this play but face it, the last 4 weeks (give or take a few days) have been dismal at best with NO buying pressure.

I don't care how anyone looks at plays, charts, fundamentals, etc. That is NOT good!! Not too mention .003 is the only lower resistance left as it is currently below ALL other ema's.

Hopefully the buying pressure will pick up and turn it around. Time will tell.

But for money sake, a drop below .0038 will most likely cause some to get rid of any longs they have and short millions down to at least .003, if not .002.

Its all part of the trading game and making the most money possible!!

GLTA!!


P.S. And yes, making those plays will destroy the chart and possible hope for any long holders....JFYI