GREY:EORBF - Post by User
Post by
unclesam2on Mar 05, 2013 4:55pm
306 Views
Post# 21082408
Check My last Post on ORT...
Check My last Post on ORT... - So, Technicals do matter as it is mostly HFT based trading these days. Algos are programmed and run on technical analysis. I warned last time of an inverted flag pattern (@ 1.85-1.90 level), and more potential downward move. Since then, the stock has been continuously falling. The trend still remains downwards and unless this changes with conviction on high volume, this is akin to catching a falling knife.
- Will keep it on my watchlist and maybe interested if it does turn around. But for now, just stay on the sidelines.
JMHO.