RE:RE:Don't buy at this level it will fail soonAnyone who's traded stocks for anything more than a day knows that stocks go up, and stocks go down. Even the good ones on a rally have intraday ranges, especially now with HFT/algo's part of the market maker setup. There's also technicals, and a lot of traders trade on them, so you'll also have them as part of the game, especially on highly liquid stocks. Then there's sector trends, and macro trends, and...etc
I'm not agreeing with georgebc, but also not saying he's wrong. Watch a sector long enough and you should be able to notice some repeating trends, areas of support and resistance. This recent consolidation stage has had trouble holding above 2.60 daily resistance. In a tightening range of consolidation we should see lower highs and higher lows before next break out up or down. I'd hope we maintain upper 2.50's till next pop, but 2.30 is plausible if we get stagnant for too long. I'm betting future catalysts take us above $3 in the next few months
The chartguys.com do some great free technical analysis on this sector.
2Beeftacos wrote: Sorry I just thought everything about this post was funny. "IT WILL FAIL BUT NOT FAIL BECAUSE ITS NOT GOING TO FAIL LONG TERM"
georgebc wrote: Wait for the next dip guys it,s coming soon $2.30 will be a nice entry. Thsi stock is going to $5 by Sept and $10 by the end of the year.