We had a great opportunity to do so and a perfect set up to get there in allowing the SP to organically drop into the 01's and 02's allowing the masses in to build a base to spring board off of once all the dust settled remember the run to 94 was built in the subs to mid 02's .
Unfortunately management and traders saw an opportunity to get behind and profit off a technical bounce ...,congratulations to all who made gains,
but here we are a week latter trading at over twice the price with all the same negative catalysts still ahead of us , imo the sensible thing to do would've been to support the SP retracing into the 01's to 02's while they one avoid any litigation or potential arrests,two get the fire investigation completed,three get the insurance reality figured out,four get through the coming august converstions five get an actual business plan together and six rebuild that's easily a year or two out.....,lol we might well still get there in the months and years ahead we have a long road and nothing in the pocket to support the current expensive SP .
Mamma we ain't making any shrimp but we sure know how to make bag holders in all shapes and sizes .
I'll tell ya this don't expect traders to ride any losses with the bag holding story believers.
This was an manufactured sell the news event without having to be troubled with actually delivering any news kind of like the DATA itself gotten pretty embarrassing around here getting flat out played like that but those who got in and out did well the rest will have started to cut losses,and will continue to do so the rest of the week as no one really believes news is coming anytime real soon ..., as evidenced by today's volume it is what is learn to play the game as they say .
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