Wow, with such a great q3 results and fantastic forecast for Q4, this stock went from 2.84 $ to 2.13$ now.
I am sure there must be a lot of shorters in this stock right now, who need to run for cover when the markets are turning around.
And I am sure it will happen from tomorrow, because the S&P 500 is 50 points below its 10-day exponential moving average.
So it is very oversold and it will need to bounce upwards, which can be fast and furious too.
Well, at the time I have written this topic, the shareprice was 2.13 $.
In the man time, it went to 2.18$ and still rising.
Gold is also back up again and silver seens to stabilizing around teh support level of 31$.
If the Fed would say anything about QE3 this week and if on Wednesday there is in Europe an agreement on Euro bonds, you can be sure we see a fantastic rally from here.
It seems that everything I have forecasted her will become reality !!!
Shareprice now : 2.24 $ and still going higher.
Why ? wel, the price of both gold and silver is going higher again and shorters need to run for cover now.