targets?, page-13

It's quite simple. I am very bearish on the overall markets. The SPX500 is the index I trade and follow closely. It's trending down and ANP is also subjected to general market forces, and there is a lot of fear. Main reasons why I believe it will hit .6c; it also hasn't managed to break out of the trading range on very good announcements, so I think it makes sense that we'll retest the bottom.
Have to admit that I more or less pulled the 1.8c out of a hat after taking a closer look at the chart as 2.2 just seemed too much in current market conditions. It only hit 2.1c in April and it seems very unlikely that we can make new highs now. Fear doesn't care much about fundamentals.
When the SPX500 breaks out of the downtrend and general market sentiment improves I will certainly revise my targets. With a bit of luck as soon as next week.


Sorry for my silly comment. Should be more careful when I post after I had a few.