I really liked the price action this afternnon from a pure technical point of view .
I thought it was a very disapointing bounce off the announcement , which saw strong resistance at 2.00 , and the stock getting close to daily lows.
At this point I felt we might see a real pull back to 185 ish and nearly sold , however as the day went on a solid accumulation seemed to take place , with large lines acquired .
CDU Price at posting:
$2.03 Sentiment: LT Buy Disclosure: Held