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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude
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To: freelyhovering who wrote (47284)7/3/2007 10:01:09 AM
From: Doug R  Read Replies (2) of 79297
 
Myron,

I think it's finally been "for a while" for SOLM. It toasted itself down to .194 and judging by activity since, became considered to be grossly undervalued. A double from its current price of .47 is well within its technical profile now.

FWIW they've appealed the lawsuit against Toyota. Maybe their lawyers are behaving giddily about their prospects.The TA would seem to indicate that the giddiness will approximately double the price from here until reality sets in.
(As Yogi Berra would have said, the market is 90% perception, after all. And a double from anywhere ain't a single from somewhere else.)

Doug R
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