andre-DYE got to $2 in 06/07 because this billionaire Dave Gelbaum proceeded every day to Buy a 19%ish interest in the company.
Dave made his billion$$$ in Hedge Funds and set up a Green Portfolio that included DYE.[Querus Trust or something]
He then proceeded to Sell his DYE stock way below his buy price.IMHO Dave was responsible greatly for causing the Down Trend since.
Chartist try to work in the Now.My Target price of over $1 and maybe $2 is on the short term at least within a year.
Charts do not take into account possible future Gross/Net sales figures extrapolated on the back of an envelope.
Charting is not seeking an Ultimate Price as you have done of $6 ish.
You're assuming Sales but especially a Fixed Number of Shares on Issue in this distant time.I consider FA as just as riddled with voodoo prediction as TA but with charting much more useful in the short term.
As in my 'prediction' that next week DYE may be $1+.
I checked Frankfurt Trading for Friday.DYE is up but not on Whizzo Volume.
I was hoping Europe would lead the ASX being more solar savvy but it don't seem to be happening.
This is giving me doubts about the $1 target next week.
Again it is a case of really poor PR in Aust and by our Eva Reuter in Europe.
I still think that something should be released NOW on voltage/sq metre even if only to Confirm past web site natterings.
andre-How effectively does it work?is a more Fundamental Question than How much will it make dollarwise.
happy trading
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