GREY:FNKLF - Post by User
Comment by
nickeltraderon Aug 28, 2009 5:28pm
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Post# 16259901
RE: Bullish up trend
RE: Bullish up trendFirst off, different investors have different time frames.
Second, I'm not disagreeing with a bullish outlook. I'm disagreeing with your grossly inflated predictions. Go back to your charts (daily) and draw the support line beginning at the end of December/beginning January touching again in early July and now again in late August. This is a well behaved line rising steadily as time marches on.
The slope of this line suggests a year end price around $0.20. In order for you to get your $0.30 any time before the middle of next year, this line would have to magically go exponential. Highly unlikely. You would do better to follow your own advice; Let the chart do the talking, and don't put too much faith in "world events".