RE: RE: RE: TA UpdateThat is correct. I based my info on Joe's shares by wildmans post. I am glad to hear that it is now only around a million.
As most know, my trading style is based mainly on technicals, but I do not ignore the fundamentals especially the ones around this play.
If I were to be 100% that we were at a true bottom, I would want to see the stock test .175 a couple more times for the confirmation. That being said, I am happy with my positioning in the .20's range as the charts are indicating a true enough bottom to warrant a position at this time.
If Joe only has 1 million shares left, then imo, that is nothing already, and the next round of good nr's should allow this stock to move without any real resistance along the way.
Happy Trading all,
Mediascan