Watching the War
posted on
Mar 19, 2008 09:40AM
Skirmishes today, just little skirmishes back and forth. Go back and look at the chart from Monday. It was the only day this week where were really had titans clashing, so to speak. One force pushing the price down and another pushing it right back up. That's was the only day where one could really get a look into what the story is now with this stock, the vastly superior firepower that the buy side has involving this stock. Do you really think that in a few days that firepower has gone away. The buyers are just sort of biding their time waiting to launch another offensive. So we see these little skirmishes back and forth. The price drops down to $1.50. Do you think those out there with money enough to really affect the outcome care at all? If you look at the chart from yesterday afternoon, it really appears that the sellers were getting the upper hand, that they were winning, driving this thing down. I just don't think that is happening. The story has changed on this stock. The big money that opened up firing on Monday is just sitting there watching the enemy creep deeper and deeper into their territory. When they get in far enough, annihilation might just be the result. Watching the chart today, I see them holding a line around 1.50, but they might give that up to suck in the shorts and sellers just a little bit farther. What we are watching, my friends is the Battle of Trebia from 218 B.C. I'd suggest you look it up on Wikipedia and understand what is going on. It might help keep you from getting slaughtered. The forces on the buy side have gotten much more massive and are growing in strength and intelligence every day. There is little doubt what must eventually happen. SB