Zadie what I'm doing is balancing the way the stoc
Post# of 96879
acting on the chart and filtering that thru fundamental analysis
as well. Obviously NTEK could have a blockbuster deal in
the works that changes the whole scenario, but absent
that if I go by the chart action and my forecasted revenue
projections what I see happening is the following:
If we had not had all the dilution in the last two years
and were still at 500 O/S like 2013 then yes I would be
predicting a 2013 type run in the next few months, but
the dilution up to 1M O/S now and on to 1.4B O/S in the
future has taken that off the table....The offset of course is
that ULTRFLIX is now set to grow exponentially.
So balancing the two what I see is the stock is going to
play out a MIRROR EFFECT going back up the chart
in about the same time frame that it came down.
That means it will take the rest of JUNE to complete the
BASING PROCESS...On the chart that will put us at the
equivalent place we were 1st week of APRIL.
From there I'm drawing an uptrend line to the 1st week
of Sept 2014 when the stock traded at .05......That will
be the equivalent of going from last week of June to
end of year and making it to .05 in MIRROR EFFECT.
This is actually a very common technical factor that
a lot of chartists use.
Call that the BASELINE projection at this point.
Now as each week goes by we can assess whether
we are ahead or behind that scenario and make even
more refined forecasts as we go along. Got it ?