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Post by carinthian on Jul 23, 2013 3:19pm

Question

Hi Thundersole!

As u are into P&F can you tell us what it says now?

Hopefully they update their presentation soon so one can get a better impression on what to expect if there are (what is that I personally hope) no additional bad news...

Thanks!
carinthian

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Comment by Thundersole on Jul 23, 2013 3:53pm

This is the chart I look at: https://stockcharts.com/def/servlet/SC.pnf?chart=SND.V,PRAPDANRBR[PA!B20][D][F1!3!1.0!!2!20]&pref=G It currently has a bearish price objective of 1.62, that's not really a target, but more of a trending direction. The chart also indicates that 2.34 would be a good number to see, it would be a bullish reversal, but not a trend reversal. The chart shows ...more

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Comment by carinthian on Jul 23, 2013 4:00pm

Thanks for that! So I better keep my powder dry and wait if it is possible to get some at lower prices. ;-) As almost everything is rising the last couple of days this is something that at least looks cheap. br carinthian

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Comment by Thundersole on Jul 23, 2013 4:10pm

Don't go making decisions based just on a chart. Fundamentals should always be the base for your decisions and use charts to try and determine your entry/exit point. Due your own due diligence.

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Comment by zentrarianNZ on Jul 23, 2013 4:20pm

Those volume spikes are scary. Was that just a dead cat bounce back to $2, thunder?

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Comment by Thundersole on Jul 23, 2013 4:39pm

Definitely a lot of red volume compared to black volume. Quite negative lately. BTW, those spikes sometimes are over a period of months or sometimes over a period of days, depends on volatility. I thought that we had capitulation when we hit 1.63 on that big down day. Hoping it is not a dead cat bounce, but it looks like maybe we will test the 1.63, and hopefully we don't penetrate ...more

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Comment by carinthian on Jul 24, 2013 8:06am

Hi Thundersole! Not that you mistake my last post, I am completely with you that fundamentals tell you what to buy and a chart might be helpful to help you figure out when to buy. :-) I think this is a share for the very long run as we have to wait for DON and CSI to get things going, not say TBD getting forward would be nice too. So let's fear the worst and hope for the best. dyodd ...more

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