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Registered User
Joined: 10/7/2004
Posts: 2,181
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Very nice set up; have a look at it long term, see the volume spikes and price movements. Looks like one of David's dragons (except that it's been in a downtrend). I entered this first time in May around 3.00 and rode it to around 4.25.
Looks like it's ready for another nice move.
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Registered User
Joined: 10/7/2004
Posts: 2,126
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I am not sure what kind of dragon, or snake you see on this stock, but let me say.
What I see is a company, which hasn't make a cent in at least 4 yrs, with a balance sheet that makes you cry, and a cash flow that would depress the most liveful person.
That on the fundamental side.
On the technical side all I see is a beated up stock lingering on the lows of a 5 yr history.
Check your fact and ask yourselve.
Is this is where you want to invest under current market conditions?
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Registered User
Joined: 10/7/2004
Posts: 2,181
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Bigblock,
You make some great points. Thanks for your input.
I've never been very good at reading the fundamentals. I'd love to have your level of knowledge on the world markets.
But I do know I made about 42% profit in one month between May and June of this year. Not sure what else to tell you. I didn't think that was too bad. Maybe I don't understand what trading is all about.
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