Jeff, I think the volume/price combination (378k by twelve cents) yesterday speaks for itself. Someone (and I can think of at least three potential whodoughnuts) with a lot of paper either got tired of waiting or was forced out by a financial jam. This was not thirty-eight guys each selling ten thousand shares! Furthermore, as much as I respect Zeev's intellect, I really don't think he "predicted" this large exit, which I think is largely responsible for the downward movement over the last few days. While he was technically correct on the price, I suspect his prediction of 1/8 was based on other imagined scenarios [Zeev, say it ain't so!]. Unfortunately, I am afraid it may beget more begon-ing by spooking other holders. I for one wish I could pick up more now, but even at these levels I cannot spare the cash at the moment, with "debt and taxes" plaguing me, too. They are closer to production than you think or that the market would indicate imo. Yes, the TA should be believed, but don't forget - even the boy who cried "wolf" eventually got a real wolf.
regards,
Scott |
