NYSEAM:SVLC - Post by User
Post by
Wisdomwithageon Apr 14, 2015 5:22pm
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Post# 23629427
Should Begin Basing in the $1.20 - $1.25 Range
Should Begin Basing in the $1.20 - $1.25 RangeHey Mates,
We need to go back to late 2011 on the charts to see that there appears to be pretty solid support in this range. However if those who want out overwhelm this support level, the next <actually stronger> support is in the $1 range. I doubt however that we reach that level.
Clearly one or more investors are in trouble financially. We need only examine the trading patterns over the past 2 1/2 mos. That being the case I expect the selling to dry up before long. At these levels we are very oversold.
I've been in SVL since the Fall of '03, and increased my position considerably in the Fall of '08. Have not solda share!
If, by chance we reach the $1 point I'll definitely resume my accumulation.
Cheers,
Brit