BWD paper After takig my profits at 22 and seeing the stock plummet nearly 90% from where it began at about 12-13ents, i cannot help it but think that for now anyway we will be going sideways with a slightly Negative Bias. A return to the 12-13cnt level is very likely given the fact we werent able to HOLD any of the key supports we past such as: 19, 17, and now 16cents. For a stock who cant barely hold its 20-day Moving average, this means were still on our ways down for awhile.
Maybe it has to do with the fact there is no significant news in the pipeline for still some while, or maybe because technically were not ready to HOLD and Gains from a Bounce as of yet.
Prediction this coming week: BWD paper will be re-acquainted with the 13cent area.
this will probably give one last great opportunity for people to lock in positions at even better deals
for the next ride up.
jd the professor has professed the truth