PINL:VLTAF - Post by User
Post by
eebleron Jun 11, 2010 2:28pm
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Post# 17181515
Ridiculous
Ridiculous
Definitely getting hard to hold on with all the shaking being done to this stock. Problem right now is that everybody knows there is little potential for anything earth-shattering to be announced, and with the downward trend they are taking dead (and dying) money and putting it into something moving the other direction. This thing is way in oversold territory and a look at the MACD for just a one-week timeframe shows that it just crossed over at the bottom, so it hopefully it really is a bottom and will make a mini-rally this afternoon when bargain hunters come looking for a deal. But, I expect a big shakeout near end of day when people that don't want to risk holding the weekend start bailing.
Going to need to see some good momentum build in the week before the 43-101 to hope for this to get back to near the 1.35-1.40, otherwise even a good 43-101 isn't going to take this much beyond 1.50 IMHO.
eebler