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Syntroleum Anonim Ortaklık Message Board

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  • bumpywon bumpywon Mar 20, 2012 8:57 AM Flag

    Congrats to the RTK holders..

    RTK starts a share buy back today, and it is pretty convenient that they start it when the stock is running into resistance at $2.00. Technically you couldn't ask for a much better situation. That should put a floor near $2.00, and slowly eat through the overhead resistance. Once through $2.00 it looks like a clear shot at $2.50 on the charts, and from a fundamental perspective the book value of their RNF holdings are more than $2.60/share. IMHO, RTK has both the technicals and fundamentals aligning to send it higher. SYNM is slowly building the fundamental case, and the technicals are also beginning to improve. $1.00 held as support, and the chart pattern is turning more bullish,