RE:I'll freely admit I'm very surprised tamaracktop wrote: This rally has lasted far longer and gone much further than I expected.
Contrary to what several here have suggested, I've never professed to be a know-it-all, because I'm not.
Particularly when it comes to short-term moves in the market.
I'm anything but.
By my way of thinking, which is heavily predicated on numbers, this doesn't make a whole lot of sense.
I just don't see how collecting $4 million of an overdue debt translates into a $30 million + increase in this company's market cap.
Working capital is still very seriously in the red.
I'm very curious to see what happens tomorrow.
If this rally continues, I'll likely conclude the market knows something I don't .
I find this quite unusual .
That was Thursday night.
I'm no longer "curious to see what happens tomorrow"
I didn't find Friday's sell-off "unusual" at all.
The stock went from trading 26 cents above the 21-day MA to within 11 cents of it.
$0.69 will be the level you don't want it to break early next week.
If it holds it, your rally remains intact.