the final top is now in place in a bearish ascending wedge formation, although one more thrust to minor new highs is possible. A close below 15.50 (rising each day with the trendline) will be the death knell for this stock...
True, I don't expect good news about the third
Quarter if they don't come up with new orders.Bought so far I've done very well with this stock,bought at 7.00 sold at 11.00.Bought at 9.00 sold at 13.00.Bought at 11.00 sold at 17.00.Could I ask for a better or more consistant stock to invest in?
all im saying is if the company had good news coming, insiders would wait to sell toward the end of the year. their business model sucks--they are just middlemen and the market will not afford them a high valuation--anyone can compete with them. this is one of the best short sale candidates Ive ever seen. Ive been wrong before, but I dont think I will be on this one.....
>> the final top is now in place in a bearish ascending wedge formation <<
We will soon find out if we are looking at a bearish ascending wedge formation of a bullish ascending triangle formation. Only time will tell.
very simple--they underestimated the stupidity of investors who think this company offers value--which it doesnt. Get back to me in a few months when the stock is back in single digits.....