In the backlink I had just changed my count to something a little less bearish than my original count because it taking longer than normal to finish the 5th wave down.
Instead, the herd put in one more panic sell off which I think is now very, very near a big bottom. Maybe it finds bottom here, maybe it throws under the support line and then breaks back out but this company still has more cash than debt and is 44% sold short.
Yes, 44.8%to be precise.
There is explosive upside potential in that number IMO. Remember, this company still makes money. Unless it is going to BK, all of those short will eventually cover and the wave count suggests that a rally is LIKELY going to occur within a very short time. This thing is oversold to Hell.
Friday, August 7, 2015
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