ya....I hope we still break out but i also wouldn't be too surprised if we breakdown....there has definatley been a little selling pressure.....today's volume was light though....yesterdays volume was actually double todays volume. I still think we break away from this range soon....hopefully to the upside.....i cant remember but did they give an outlook or revenue range for Q3 in their last call report? I will look into either way but i was curious to ask incase someone had a quick answer.
Yes thank you sheenarazi. I too am 'lil suspect; as I am with all equities. Making an investment about which one does not/cannot know all relevant issues is always a kick. In this case because of the potential market, and management, it looks on paper as a buy. But when you consider previous product and other issues which led to severe declines in the stock price - one does not know if there will be a round two, or round three of similar situations... the block trade just under 8 recently and the increase in the short position are I agree possibly bearish tells... I may sit on the sidelines and look for an opportunity to enter later...or check out some puts. but sometimes i ride a roller coaster because while yes it goes up and down, you know where it ends.
i hope so...my avg price was 5.60 but i bought more between 7.90 and 8.00 last week. It looks like we are concolidating around 8.00 and technically we are either going to break out to the upside or break down. Obviously i think we are going to break out to the upside or i wouldnt have bought at the end of last week:)