Re: all the stars are aligned
posted on
Dec 13, 2010 05:53AM
With all due respect from a technical standpoint the stars are aligned for further decreases. Not only for the next couple weeks are investors tempted for the tax loss selling, there is also going to be the looming need to raise cash to continue operations. As the price per share drops obviously more dilution is imminent. One other gripe that seems to keep resurfacing here is Management not coming forward with defined timelines as to results, etc. I guess if you think about this logically if Sasha or Frank were to CONFIRM no results until Feb or March who in their right mind would hold this, and not take the tax loss and rebuy in late January.
Personally I am awaiting re entry for when we get to the .20s which technically speaking is where we are headed IMHO without results.
Good luck to those holding, those who sold, and those on the sidelines.