GREY:ARWJF - Post by User
Comment by
Techsavyon Jan 06, 2014 1:59pm
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Post# 22062455
RE:Technicals looking good!
RE:Technicals looking good!Kalvin,
I hope you're right. The problem is that every bounce has been sold off measurably from the high (97 cents) two years ago.
The last failed attempt was the bounce "off" of the down trend line at 60 cents a year ago. What's shaping up now is a bounce "off" the down trend line at 32/33 cents and would indicate that ARW will go much lower if something material doesn't happen in the next few days. It's really a krap shoot now and those who are long from much higher are getting ready to exit with (at least) some of their capital.
This story is not unique as many small cap stocks can/will go from dollars to pennies, especially those in the resource sectors.