NightOwl:
"Do you see those two Blue REC's with the snazzy hanging Red Arrrow's? Now I grant you that we may not get a sell off comparable to the 911 Blue REC Red Arrow; but this BIG Picture appears to be suggesting that everything related to Blue REC #2 is bigger and better than that which followed Blue REC #911."
The "biggie" pattern is the downward sloping trading channel that has prevailed since Dec. '01 with today's upper boundary around $2.75 and lower boundary around $1.90...Rather than falling back, predictably, to the lower trend line at $1.90 in these savage seas, RMTR continues to flirt with the upper trend line at $2.75...That RMTR escaped the unseasonably hostile weather of this past week should not be considered an insignificant factor in any analysis...A calming of the seas over this next week will almost surely result in yet another test of this 7 month old upper bounday line at $2.75...Of course, with any penetration of this "biggie pattern" upper boundary, one should not rule out the potential outcome of a period of "biggie" price ascendency not unlike that witnessed in the Oct. '01 - Jan. '02 period when RMTR traded from $1.50 up to $5.00...
"Couple that with the real possibility that the upcoming conference call will be served quite "chilled" by the "prosecutorial" zeal of the MoMo's Legal Eagles, to say nothing of Mom & Pop's propensity to "stampede" at the least provocation; and one might bring oneself to consider perhaps say,... oh a Buck Fifty Five to Sixty Six as the next plausible "pit stop" in this long distance race. ...Hmmm? <vbg>"
No doubt, July 25 will prove a pivotal day in the near term vagaries of RMTR...Should the favourable "biggie" revenue trend of the past 4 quarters ($3.4, $7.5, $8.5, $12.6) continue, one might expect that, on its own, to provide impetus enough for RMTR to reverse the nagging 7 month "biggie" downward trading channel, an event that would normally be accompanied by a "biggie" abrupt price ascendency, say to the $3 to $5 new trading range...Any combination on July 25 of confirmed continuing revenue growth, calming markets and, dare we mention it, the possibility of RMTR's first profitable quarter, might even fuel a "biggie", and perhaps abrupt, RMTR move to the upper limit of this new $3.00 to $5.00 trading range...It's all in those leaves!!! |
