RE: Normal profit taking!Alright, this is what happen when you don't believe in technical trading!
As my previous post said, TAM broke the $2.25 trend support and it's testing the $2.20 minor support. TAM will very likely to test $1.90 as the $2.25 support is broken.
YEA, FS report will bring the SP overnight....blah blah blah, I have heard this post... Since then, SP in TAM has PEAKED OUT!
https://www.stockhouse.ca/blogs.asp?page=viewpost&blogID=549&postID=8856
Why buy at this level when you can pick up more shares at much lower cost? So FS supposed to be released last week, HUH? Keep listening to the pumpers...
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Don't be so sure Calif. Until TAM releases the FS, it is subject to "technical trading", TAM has failed to break $2.98 (or reaching $3 mark) in 3 different trading-day attempts.
Mr. Market is basically telling you that TAM is worth this much until FS is out. TAM is very likely to test $2.25 chart support again IF TAM DECIDED TO HOLD OFF.
Yes call it ridiculous but this is how stock market works. You knew it, I knew it