The problem with technical analysis is that once support levels and resistance lecels are "blown through", technicians just come up with new targets. I feel that the only safety in analisys is fundamentals because there are no opinions, fundamentals are facts, where as tecnnicals are opinions.
It's nice to see that even though are methods are so different, that our conclusion is the same. This stock is a steal. Speaking as a fundamentalist, CTIC trades 80c below cash, has no debt, a decent pipeline. A fundamentalist would tell you not to be concerned with when and how much a stock will rise or sell off. What we will tell you in the case of CTIC is to buy, buy, buy because with a low cash burn rate, anyone would buy them out, sell the technolgy and reap a huge reward. When is irrelevent, just a great place to park your cash. Take care. |
