XPE about .058 was where the big dump occurred, it smashed through that this morning on high volume, a close around .058 or more would also be a break of the 3-4 month downtrend.
I'm up about 19 pips since being in and out from the bottom, I'm still leaning towards the bullish side ST-LT, wouldn't be surprised for it to run back to at least 9.5 cents before the end of the year, obviously a lot more if management can bring the goods to the table.
To me the founders giving away $15+million out of their own pocket makes me think they are confident Seneca, Lekkas and Despain will be bringing something to the table.
time will tell, all imo of course
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- Morning Traders Thursday 15th September
Morning Traders Thursday 15th September, page-190
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