RE:We had a hammer candlestick its not speculating nor hoping when the facts are present, or not!! Irwin really fuucked up w the acquisitions and thus need more cash to make up for lost future earnings potential. Do you really think Sweetwater can overhaul the beverage market? Why, because he said so? Fuuck off. Besides 3 yrs ago he proclaimed he wouldn't touch US market until he got Canada right.....this is a FACT!! So what bas been done right for Canada thus far?
let me know when $14 is around the corner.
Ghostinthedark wrote: Low was $16.61 today....Could this be the low?? Could this be the swing high? According to Candlestick patterns, thr bullish hammer indicates a reversal of trend----as the price was rejected.
Let's see what happens...
No technical indicator or chart is the Holy Grail, just increases one's possibility....
Here is what I am expecting: A runnup of the sp into earnings on July 28....
Then disappointing earnings, and a selloff, back down to today's low or lower.
The other news that must be factored into the sp is the company's decision to issue more shares, providing stockholders approve.
We could see a price drop to $16..$15..$14... in the short term..
But WTF do I know...
Just speculating.