I hope we get a meaningful correction though- 10% or more would be nice-we sure as hell were due for one.
the problem is all too often corrections come swiftly-my guess is the correction is sooner rather than later.
This should get interesting-everyone including their grandmother knows this deal is a joke.
It should make for some great trading swings/ volume though!
Agreed-my guess is a compromise between 3.93-4.00
Still bad news for shorts. Malone and company put a low ball number out, they planned on a marginal increase is my guess.
I noticed that-I still think the trading range is in play-volume was low though so NO confirmation yet
I remember 2.90 as the actual number, but what the heck 2.98 is close enough. Do you think that is a solid long entry point?
1.78 ( bottom low since 5/2012) 4.18-1.78=2.40
50% ( 2.40) = 1.20 4.18 with a 50% retracement - 1.20 gives you 2.98, which is the gap you are calling for and that is my buy target.
nice call-today resistance level at 3.54-think we punch through it?