RE:Charts tell me to reshort again!I plan on covering half next year in the $2-3 range and the other half I don't plan on covering. Strictly covering half for tax reasons next year. I don't think they'll make the end of 2018. There are still alot of bombs to drop, but they may be able to flounder through 2017. It will likely be a traders stock until then. There isn't enough visibility to see any serious fund buying for any sustainable rallies.
PROtrading wrote:
Oh well, this looks like it was a relief rally from oversold late yesterday after that impressive dump.
This thing has no volume momentum which means that what's going to happen next isn't going to be pretty for longs....
The CEO and chairman of the board isn't going to kick himself out. When he starts to buy instead of selling, then I'll be worried.
Hey craigbad, I know the other "true" short isn't going to tell us here when he covers, will you? ;-)
I don't have any special information available so I'm just using charts, L2 (lot os sellers on the ask!) and other publically available tools to trade.