RE:RE:RE:RE:There is no way the Titanic can sinkhallgg wrote:
My point is I do not think that this has bottom yet. I can not trust what management has to say anymore. I believe this is a value trap at these prices. Unless they dump something in value just to keep the debt holders at bay then you will see a small and a short time sp rise. The Penny Vultures are now circling and are setting up playing with this. I am waiting to do the same thing myself. I will bottom feed this stock and soon as it goes up I will dump it. You know when I am in when I start pumping the stock. I do not need a 25% gain for I am not a pig for I will settle for a 5% gain. Sorry, people may not want to hear what my plan is but I like playing a vulture too when there is an opportunity.
the chart that I provided yesterday where I highlighted 77-81 as a range where that dead cat bounce will top out, I'm sticking to that range. After that is reach of course I would expect that it gets sold off again and a 50% possibility it dips below 66 or at 66 is in fact the true support but I'm looking at it from the point of view of in the money short position.
@hallgg yeah not a bad strategy (not my cup of tea) 5% gain from 50 cent = 2.5c, 60c =3c and on, if you're lucky, good at trading, read technicals/charts and implement tight stops you can do this 2-3x/day and make tons of cash at end of the wk. good luck.
Here's a couple of comments from two guest on BNN from people looking for answers, I think these two comments says it all, it echoes the bearish sentiments from this board by the few bears. I have no doubt that the people that called the show are some of the bulls on this board.