Look for a 20%+ price decline this week! I will be looking for a entry point of between $1.22-$1.27 by Friday, technicals support my prediction.. This of course without any approvals which I do not expect in the near future!!!
wrong sodevan, maybe $0.98 on the the 26th because of earnings!!! I bought 3,000 shares @ $1.08 and already thanked the seller, but my goal is to accumulate another 7,000 shares!!! This when oppurtunities arise like todays panic selling!!!
Please provide your explaination of how tchnicals are supporting your claim.
As I have stated in the past, (although I am a strong believer in technicals) I don't believe technicals are an indicator of this stock. With that being said, the way I am reading the technicals, this stock will continue to have a positive price action until the decission is released. We have broken $1.56 resistance so I suspect we will see $2.14 before the decission is released.
If approved, I see a target price of at least $7, if not $1.12.