posted on
Dec 02, 2010 10:15AM
Well looks like that didn't come to be. As mentioned before in one of my posts the technical analysis looks BEARish because off the 200 day and fundamentals. As of this posting we hit a new dip of .405 and are trading lower at .41. As expected yesterday the "news release" didn't do much to stop the bleeding! Argh :(
New Orleans is sinking man, and I don't want to swim -- Tragically Hip. Hence my stop losses and tax write offs are ready to trigger. Yikes!
Good luck to all for whomever decides to hold, and those who are exiting stage left (which appears to be a bunch as less than an hour of trading we have 400k volume)