My buy in today was strictly technical. Pushing into the oversold on the daily but significantly oversold on the Bollinger.
Yup. I've seen this movie plenty of times to know the pop is coming. Even a decent 6 - 15% is great for the rinse and repeat. Todays volume is clearly a result of shaking out some stop losses. VWAP at .39 with a .40 (.398) close. Not rocket science. Of course there's always the "IF" factor as far as getting anything near term (this week) from the company. Keep in mind, the CFO is in charge so slipping further on fundamentals (IN MY OPINION) is unlikely.
The fundamentals are only seemingly out in the wind.
I'd say good luck with your short, I'm thinking you're going to need it.
They can pull things together quickly. And there is still much promise in the science.
Really, these are the types of plays I look for.
This could get interesting quickly.
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