bp, We are going to get double bottom some where in the 60s maybe low 70s. Remember management said 2 qr. of flat earnings, so it will take time to make a bottom. The first bounce will be false rally, this failed rally will start to take out the overhead resistance, after the first rally fails, the stock will go down to re-test the bottom, etc. etc. A shake out would be nice, with a v bottom, but, I do not see that happening. The volume has already been large going down. Of course this could all change if get news, other then the kind we have been getting, upgrade maybe would re-charge RMBS. I feel this is a gift, I'm sure there are many people that missed out on RMBS first, now second rise from the ashes, will jump in. We are close to deployment, the picture is so much clearer, almost to the point where management will not be able to deflate the stock.
Greg |
