Things can go very fast both ways but are very hard to predict.
One negativity I see from last 9 months is that every single attempt for a rally was sold off hard in a few hours to several days. Makes you feel like the dilution creates protection for all those that just wait, for shorters if there are any. Last weeks we have no moves to the upside no matter what kind of buying comes in. Not really good for potential buyers, they can all feel like they wont miss any kind of a train. And raising A/S to 130M makes you believe that Solomons "protection" will be there in 2013 as well.
Simply put, the fire of hope that was ignited has been smothered to almost death lately. Technically we are in terrible condition, same as mentally. And we have seen, fundamentally it doenst mean a chit in these circumstances. Im afraid that way too many people now look to the FN listing as our salvation. First, its getting quite out of reach with this PPS and second, most importantly - what if FN doesnt provide anything that would change the course. What hope will be left then? 1 USD EPS in 2013? Who cares, right. And then lots of investors might go and sell out since they wont believe there is anything that could lift the PPS. Its all about money flowing in and out, the PPS wont grow just because it "should" be higher or whatever. Just money can lift it, nothing else. And if the company will be again diluting in 2013 in a situation when they do way more in earnings in a year than the company is worth on the stock market, what message will the investors get...
Being realistic, I see the situation now as a crunch time. And we really arent going the right direction so far.
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