RE:RE:RE:RE:RE:RE:RE:RE:podcastKillr ... my criticism about chart guys isn't that charts/technicals don't provide indicators of a move. The criticism is that chart guys never seem to call the downside ... only upside.
I get it ... it's not in ones self interest to highlight downside risk that technicals are indicating unless you're on the short side but at least it would provide others to weigh downside technicals and maybe sell some shares and come back in stronger if the downside technicalls were to play out.
One person that got the downside call right was Mark Thompson but he didn't come back in ... rather... he let his 30 cent warrants expire.
One thing is for sure ... a seasoned technicals player use those indicators in either direction to better their position for the long run.
I think it's naive for anyone to suggest there wasn't a warrant overhang. It's gone now but there still remains a cheap paper overhang and so any serious upside MAY be limited here.
Everybody shoud have their fingers crossed that the PEA doesn't deliver a high CAPEX.
Good luck to all ... I second that sentiment.