today's high relative strength could be a sign that it might be time to start nibbling, afterall, the stock has already been stomped beyond recognition at this point, so all the bad news and then some, have probably already been priced in-just a glimmer of a positive news event could skyrocket the shares and send the shorts scrambling to cover to avoid a wicked squeeze.
i thought so, but i've changed my mind for now, only because i'm fearful of the perception of others. in the market, you don't only perform your own analysis, you need to consider the decision-making process of others, because they affect the pricing. this co is about to announce a 10K showing a loss of over 4 dollars per share in fiscal 2011. yes, it's the worst, things will tune up, we know that (i'm not going to get into all that now).. however, this may be a temporary obstacle to share price rebounding. in the NT10K they say 50-55m loss for 2011 ended Sept 30th. Previously there was only a $1.35 loss.. which means that the Quarterly loss ended Sept 30th alone will be over $2.65 per share. I'm going to wait again.
Good job Puddle! Wait until after they drop the bomb and then see what's left in the crater. They should be able to say something about the quarter ending Dec. 31 which has had sugar prices about the same as Q3 2011 when they lost 1.35 a share. #16 has dropped off the all time high achieved in Q4 but around 36 IPSU will still be hemmoraging cash.
if you wait, you could easily miss the big jump. If any news is good, ( such as the sale of Wholesome,improvement at PW, setviacane progress) the shares could literally double in less than minute...It would be torture to miss a move of that magnitude.