Hello MJ: I agree. Chart is beginning to shape up potentially very bullishly indeed.
Once the price starts moving away from this area upward, there'll be no stopping it. Right now it rates a 9 with a booster on my 'STAR' system. That usually implies sharply higher prices lie right ahead. A move over 10 and we will move to a 10...
Maybe a perfect 10! And they don't get any better than that. Period!
This usually means, a double or more. Last year got a beauty of a 10 on AT&T at 35, (against all odds at the time) and look what happened to that stock even through October 97! FNTN which only rates an 8.5, managed a 64% increase 'today'!
Don't know whether you noticed, but someone threw $1.2 million at this stock in the last 30 mins of trading today. Not bad for an off day.
I don't know who is richer right now, Kerry Packer or Rupert Murdoch, but both could be eyeing this issue and we know KP owns 4.9%, at what price we don't know, but who cares? 4.9% is 4.9%, no matter what the price.
And at roughly $5 billion in net worth apiece, I hope they end up fighting over us.
Even Cramer's been bottom picking, so what does he know, that we don't?
Could be close. Waiting patiently...
Good fortune to all
Best Rgds
Wiz |
