Hi JEB,,, I must chuckle on the reference to the EARNINGS of last qtr. Sadly, earnings were not on the table. The mention of earnings was not very prominent during the CC either.
As for support,, it has a lot of searching to do. After breaking 4 1/4 there is little strong support anywhere and that is the reason for wondering if it will hold 3. Yes, they need a run to AND SUSTAIN 5++ which will take some positive news. I suspect good stuff from the US could do. Without that a sale is the only possibility for strong growth. Without that the lights may as well be turned off. Additionally, the price has precluded institutions from buying. The volume reinforces that. Without institutions there will be no vol and under 5++ no institution will be buying! Not much going for it forever without a ton of good news and sales / EPS jumping. 6 months minimum unless there is more coming than I know and can realistically hope for.
The news site is fine but few will pay. Those will get frustrated as the 'free' news is not segregated from the pay articles. That will keep the traffic down,,,,,,,,,, but agree few look at much besides the US economy. I suspect Europe will see a decline in GDP this year and still nearly double that of the US... |
