I thought that would rattle a few sabres <g>
I am trying to remind myself that Alda and the stock are two different entities and I have to treat them that way. You may have heard that saying from Phil Roth:
“The biggest mistake that a fundamental analyst makes is thinking that a stock and a company are the same thing. The biggest mistake a technician makes is thinking that a stock and a company are different.”
I have sliced and diced the chart and am not convinced we have seen the bottom for Monday or Tuesday. Right know I have an CPS of .55 cents and I would like to preserve some of this. I am going to try to unload 1/4 plus 1/4 on Monday and buy it back on Tuesday.
I am optimistic we will hear something next week although I can't substanciate this. Either way, Alda does not release news until Thursday or Friday and I do not want to ride this stock all the way down to .55 cents and I think there is a good possibility of that happening.
On Mar 17 the 13 day EMA crossed over and is pointing down. Something significant would have to happen Mon, Tues, or Web to change this and I would rather play it safe.