RE:RE:RE:RE:RE:RE:RE:RE:Chart guys analysis outI think that the revenues are growing fast enough now and that there will be other substantial positive catalysts in the next 6 months that'll keep us afloat in stormy weather. I suspect there's some pretty big shite being cooked up behind closed doors. Say the market is forward looking 6 months to a year, what does the picture look like then? I'm bullish for sure, but all i know for certain is that the SP is gonna go up, down, or stay the same ;)
Blazerunner wrote: SquishyInc wrote: Ya, but what i'm asking is what are you looking for to know that it isn't a head fake?
Blazerunner wrote: SquishyInc wrote: You could be right, but at what point do you say "Huh, i better get back in or cover my short"? Honest question, i'm just curious. After one more green candle on the weekly?
Blazerunner wrote: SquishyInc wrote: It's okay Jeff, we don't have to do any work at all. All we gotta do is sit back with some popcorn and watch the wonders of greed at work. =D
JeffreySkilling wrote: Very weak weekly chart, lots of work to do boys and girls.
JS
Still think this stock is on a downward trajectory. Patience is the key. Look to add in the 5's
This was a great swing for short term gains. I missed the bottom this time. I'm not a shorter. I sold out and took profit and am waiting to reenter. Just think this run is another head fake. I could be wrong.
I'm not a chart guy. I'm just using some reasoning and common sense. I truly believe in this sector, but there will be a lot of issues along the way that will put pressure on the sp. Figuring out how the province's are going to distribute, the treaty, increased competition, and any stiff of a delay federally or provincially will cripple the sp. I obviously could be wrong, but at the current price I see too much risk. What do you think?