PYR perspectiveSo last week we saw the s,p take a hit when about 8 mil shares were used to short the stock MInd you they almost couldnt short it when the NR become public It took them half a day to turn the s.p negative. I have a feeling as part of a deal company x did manage to get several million shares thru multiple institutions and thru this shorting event, which would suggest this deal is as good as done. The short position now should technically be almost nil and if theres a short they should know that they will get creamed from the longs<br /> <br /> <br /> Technically the stock is setting itself up for another leg up Having bottomed out on high volumes in $1,40 s it is now poised to move up higher than its recent 52 week high This recent low on high volume is now a support level going forward <br /> <br /> <br /> If you look at the chart you will see the almost formation of a handle and a cup which is a very bullish indicator suggesting the share price to rally much higher The closer we get to end of month the more longs will be pleased with their holdings their share price might see another shooting star movement above $4.00 to $5.00 Of course all this on the backs of this deal going thru otherwise expect the reverse if the deal falls apart and that is the truth.<br /> <br /> but So far so good as both companies talk about equipment when phase 2 is on going. Equipment should have been after phase 2 is completed!!!!! Tip of the iceberg and i hope you are not seeing iceberg as size of a horse cause i am looking at a mountain