Got in to PBR today. Not quite the retest, but 12.33 was today's low... Hoping to see a technical bounce if the a good jobs report sends thins market in to a frenzy
I'm not saying that the stock will never go back up. But , o right now you are most likely to see sub $7 first. They can run up any stock regardless of the fundamentals... See GMCR, GRPN, AKS, JAZZ, DDD (All different sectors, but similar game)
Doesn't matter what the catalyst is... The stock spent a good 40 days between $8 and $9 in late 2012. During that time $8 was a huge support and will now be resistance... You might have some gas left tomorrow or at the most Friday. it will most likely see sub $7 before it sees $9.
SKUL is off the charts technically, Look for a sharp reversal once it touches the $8 level. It almost touched it today. I'm waiting on the side-lines to load up on the Feb-22, $8 puts.
Nopes... I still think it will test the 12-12.5 range.
Planning to load up on the Jul-14 14 calls or the Jan-15 15 strike calls
Howz it going? Long time...
BTW, Did you ever go long on WLT or just refused make any $$$$ on the long side?
Looks like the market is taking a breather, but trying to find value in this otherwise fluffed up stock prices.
Paying close attention to PBR. A retest of the $12-12.4 would be a good thing and then can jump in hand-over fist. What do you think?
For people speculating in the Micro-cap miners... I'm watching AUMN