$TPAC It appears our downtrend may be winding dow
Post# of 22940
Posted On: 02/05/2016 5:42:49 PM
$TPAC It appears our downtrend may be winding down, if short volume is of any indication. Today was the first time in a month or more that we have had less than 30% short volume(see here: http://otcshortreport.com/index.php?index=tpa...tion=view). That leads me to speculate a couple of things: 1)Today was the third and possibly the last day of the downtrend 2)Shorts knew it was time to cover and close out existing position 3)Shorts that were calculating still opened and covered intraday 4)Both shorts and longs know that some pretty big news is on the horizon.
My best guess based on what I can synthesize from the data, both fundamental and technical(to the best of my limited knowledge), is that we are about to move up beginning next week, most probably no later than Wednesday. And while news is needed for a move of substantial proportions(ex: more than the small 20% candles we have organically moved upward on), the Boeing presentation could be more exciting than it sounds, as I don't expect it to be Bill talking with a slow and under-animated voice while pointing an old yardstick at a crackling projector screen. I would more expect to see some very solid statistical data and some very compelling reasons as to why we are better and cheaper than our competition. Think of who he is pitching this to, and look at Bill's resume/track record. This man is not going to send Boeing a flop, which means we could be in for a very exciting presentation come Friday. And should that be the case, we all know what that kind of sentiment does to the price per share.
My best guess based on what I can synthesize from the data, both fundamental and technical(to the best of my limited knowledge), is that we are about to move up beginning next week, most probably no later than Wednesday. And while news is needed for a move of substantial proportions(ex: more than the small 20% candles we have organically moved upward on), the Boeing presentation could be more exciting than it sounds, as I don't expect it to be Bill talking with a slow and under-animated voice while pointing an old yardstick at a crackling projector screen. I would more expect to see some very solid statistical data and some very compelling reasons as to why we are better and cheaper than our competition. Think of who he is pitching this to, and look at Bill's resume/track record. This man is not going to send Boeing a flop, which means we could be in for a very exciting presentation come Friday. And should that be the case, we all know what that kind of sentiment does to the price per share.
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