Re: Vick Let Go by DEGH/Fuse

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jcwillis

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Re: Vick Let Go by DEGH/Fuse

in response to

Vick Let Go by DEGH/Fuse

jcwillis

posted on Jul 26, 2011 10:41AM

Awaiting a PR to soften the downside blow.

At least the SEC filing clears some things up and can move on. Although, many do not check the SEC filings. Not truly news until a PR comes out, which better be very soon. PR would be a good thing to clarify and stop the short-term bleeding. Hopefully the PR has another sports sponsor. If no PR soon, could get ugly in the short term.

Showing about 22, then 20 as next possible support. Then 50Day MA, at about 16-17.

However, today's Daily OBV has went from down trend to flat, so Market may be done selling or now awaiting to hear from the Company. Volume is good but not crazy like yesterday's selling in the first 15min. Still, lots of trading day left.

Thinking this is a good play in the long term. But, what a ride.