WOW….tob you are one of the biggest cheerleaders here and was going to hold for the $20 and $30 and NOW you are on the sidelines?? You said the offerings was good news yesterday!
I am not sure but due to the extreme lack of data involved in the comments my guess is that most of the people can't understand that or have turned to HOPE as a strategy. Some people even blame the bears ignoring what I understand to be institutions with millions of shares that they can sell at their own pleasure
But honestly it is more related to the basic human reluctance to sell when things are going well and sell when they are in the hole . So we followed it down after that recent crash.
In my readings this morning I came across an analyst that had a $2 target while another had lowered target to $19. How diverse.
Seeking alpha had great article this morning and I knew I should have sold at the overnight high but like most humans I was reluctant to sell. Now we are coming to 3.50 which is the top of this downward channel. It will either go up or again crash from here. Will I sell before it starts down again?!
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