RE:RE:RE:LEVEL 2 ( 30 seconds before the close versus the close )
- Good Post HighRider. Totally agree with you on the technical picture of the stock. The gap from .39 to .65 still needs to be filled. And as I had mentioned in one of my previous posts, this retrace seems like the one which will take us there.
- I will just like to add one more thing and I know a lot of longs are not going to like this. As per the event yesterday, it looks like there might be no more major news till September at the earliest (the wild card is the MMJ license, although they are not very keen on it). With no news or lack of news flow, stocks will generally start leaking downwards. And then there is most probaby a huge tsunami of warrants coming due in August.
- At this point, I will stay on the sidelines and let them prove themselevs first with a sound business plan with solid #s. So far, all I have heard is "big talk". I won't be surprised if this goes even below .25 as there are warrants which will still be in the money at share price higher than .25.
- Good Luck Longs... You will definitely need it. I am signing out and won't be interested to post anymore on this board barring any major developments with AFI. So, yeah, have a great summer y'all !!