GREY:SXRZF - Post by User
Comment by
firewatchon Jun 05, 2009 12:08pm
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Post# 16047181
RE: RE: when shorts cover u sell
RE: RE: when shorts cover u sell
The selling on this stock came out of know where because of an announcement from a government regarding an investigation into improper sales of property. There is no technical analysis that can predict what will happen next. This is not a life cycl;e change in a stock. This is pure emotion and gut feelings right now.
Exalted has stated that the technical analysis shows this stock should reverse and go down but it is not following a technical pattern. If good news comes out today then it will go up way up regardless of the Eliott ABC wave or any other tool.