Re: don mention- any thoughts technically on don
in response to
by
posted on
Jul 09, 2010 10:30AM
Edit this title from the Fast Facts Section
Really not much to comment on. Personally with the prospect of a poss. buyout here I'm surprised at the lack of interest and the total disintegration of the sp. I know there was supposed to be some overhead from some kind of funds or such raising cash but with a decision that should come this summer you would think speculation should start to kick in. I think the stock could weaken still but to what extent..poss. .14 or lower if news is bad...any pop needs to have strength now to overcome the res. areas. Anyhow if it does start to pick up plausible targets on the way up could be .35...45....55...63...80. The way it sits it's almost like this will be an all or none situation and you might have to place your gamble on the outcome.....really no signs of a turn with the exception of a small sideways range which really doesn't constitute a bottom yet. I think trading could poss. pick up after this month if things are good with this co. I've placed a half position approx. so far but like I said it seems to be a crap shoot at this point even though the prospect seems to be biased to the takeover of this co. ... just my opnion.