Let's recap, we identified 3 gorilla programs linked to channel funds late Tues. afternoon. These are designed around or predicated to forward (48-72 hour) algorithms and commonly occur during flushouts (yes, system manipulators in penny plays are nearly, never investigated by SEC because they are legal) , Thursday afternoon, these programs were designated elsewhere.
We have a projected a range .56 - .77 pre-split or not. On top of that, the BDIY scale inflection point turned positive Mon. The curve will dictate underlying strength which we said (may) occur 45 trading from the index's last apex, i.e. just as the case in Q2, 2009.
Put the ideas together - intense selling waning, gp programs out of the picture, BDIY channels strengthening on the cusp of a possible r/s equals positive momentum returning, taking into consideration FREE lags peers. Correlate FREE's move; 1 day after DRYS enter w2.
It all adds up but another case of people out there hate it at .40, hate it more at .30, but will love it +.50 (the same will play out here). Hate the idea or not... we don't care, we completed buying yesterday for basket 2 and plan to add another round in Dec. We are not trimming our senior shares until late Q1/2014 or beyond.
The flushout was done ,this at 30 cents is a brick wall and with the 10 million infusion the stock has oversold to the downside .Look for this to pick up within a few days dramatically ,not so much on fundamentals but on the fact that this is not going BK as well as future growth.
Sentiment: Strong Buy
Easy Audio its Friday.. Relax.. I actually agree with you on this you cant use TA on BDI but you can trend play this stock. We both agree the company is POS. Take away the Crede and hanover games and this is BK the only thing keeping it alive is manipulation. This isn't Drys pump and dump all the way