RE:Death Cross Today's trading TADrZeke wrote: If the sp holds around where it is at the moment @ 5.63 the death cross event has occurred today. Expect high volume and potential drop. I suggested 5.50 might be the low but we could go 10-15% below that in coming days and weeks if the mm get really greedy. Sad day in any case. On the other hand many other energy and resource stocks have also had the death cross event this week and there is some buzz regarding the same for the Russell 2000 index so the reality that it is not stock specific may lessen the trading impact of what is often a major compression point exerting downward pressure on the sp. GTLA we are going to need it.
The response from management has been non-existent. The stock could potentially see a 50% haircut from it's recent high. I am amazed at how badly beaten down this company is. At pre-consolidation levels, it's almost to the level where I initially started buying 5 years ago. It must be frustrating to watch, for anyone that's bought above the 8.00 (or 80 cent level).
Thanks for the analysis DrZeke, it's always appreciated.