Sting-Ray, having followed AVTX and having bought AVTX similarly to you, I agree with your post and analysis based on my expectations of the fundamentals (beginning of significant revenue flow). I planned to do as you indicated, i.e., buy on a dip, but holding my current position.
However, I also see what Reid is pointing to and that the current snapshot looks more like a continued correction back, testing the .06 level, etc. Given the swings, that could happen tomorow and it could bounce back or crash through. If I were going to rely on the chart alone, I'd try to sell at .075 and buy back at .06.
The problem with this and other micros is that a strong day tomorrow could totally change the outlook and it may not be possible to hit that sell and buy given the spread.
Getting back to Fundamentals, the quarterly filing which is due at any time, could be a trigger point either way, depending on whether expectations are big for this Q or whether most realize that the next Q is the one which will show a full Q of revenue. Company has played its cards notoriously close to the vest, perhaps required to do so given the competitive and defense nature of its business. So any verbiage looking forward could be a positive surprise.
It will be interesting to see how this plays out and how Reid's perspective using solely TA follows or, even better, anticipates, what happens. |
