Rim of this cup is still around $7.35 established last September. So, I revise the breakout level to $7.35 from my earlier number $7.12. One thing I agree with you is that I am also cautiously optimistic about PXLW. I wonder why PXLW is one of your two biggest positions?
When it goes above $7.12, it would have completed the handle of the cup in the cup and handle formation and the move will propel the stock in to the double digits quickly. There will be profit taking from some old timers because of the historical PXLW chart pattern but this time, the move will be different and move up will be strong. If you want, take a look at SIGM's move. Longs, hang on......
When strong fundamentals meet perfect technicals == We have a great reason to anticipate a visit to new highs. We not only have weak shorts but also we have weak longs. Now that, PXLW is showing some strength, weak longs will slowly turn in to strong longs and weak shorts will soon cover their shorts. This is not the time to sell for few penny gains, it is time to wait for huge $$$ gains. PXLW just closed very strong on a decent volume....if it shows strength tomorrow with 500,000 volume, watch out for the huge upside.
oilman always poured cold water whether PXLW was at $4.00 or $9.00. He had the same tune for a long time, which is...don't buy PXLW because PXLW did not announce any design wins. Now that PXLW announced a decent win, he is saying that PXLW should announce more wins before you buy. If you listened to him, you would have missed the run from $4 to $6.50 for a whopping 60% gain in couple of weeks and you will miss another 60% gain if you don't position yourself to buy PXLW before the next win. Patience is the key and buy on weakness as PXLW will have more design wins. Neither oilman nor anyone else know whether PXLW will win or will not win for sure so do your due diligence and the stock movement to buy PXLW.
I don't know about big funds but I significantly reduced my FUEL holdings today. FUEL has been the only loser in my portfolio and luckily other gains are offsetting my FUEL losses. I still hold few shares of FUEL but any gains or losses from FUEL will not materially impact my balance. I wish good luck to all longs who continue to invest in FUEL. I am not sure if tucker3210 is a short or not but he has been accurate about FUEL. Have a good day!