Selfishly, I have to admit I wouldn't mind at all another retrace to the $1.87 area to buy more. Finishing up contract job today which = moola tomorrow. Ofcourse, on the long haul, doesn't really matter. Would definitely like to purchase more before the covering starts which you guys I believe are calling for around the 200ma daily.
Question: Why are you all seeing shorts forced covering @ 200ma (daily) of $2.82? Also, would it be more accurate to use the 200ma weekly ($2.65)? Any elaboration would be appreciated. Thanks for the chart justfrank; both of them!
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