Morning
STX holders!
It is a Cheeky Charm public announcement! Haha by this stage, most have heart attacks as they aren't sure if I will be bearish or bullish?!
As per my post on 2nd May, not much has changed. However, fundamentals are looking more concerning along with the technicals, as well as the increasing shortseller count
SENTIMENT REMAILS STRONG SELL! 
Several days ago,
STX breached 20c support and seeing some comments here, a handful did not expect that! Today (tuesday trading day) I was considering a potential long for a quick scalp as a daytrade or overnight hold. I was being lured in that despite
CRUDE OIL getting severely smashed (to which I have been bearish for some time now calling
$75 a barrel I was surprised that STX had held seemingly strong considering 20c Buyers didn't get smashed into it!
As the day neared it's end, I cautiously avoided going Long the stock. My concerns were the fact that
SHORTSELLERS ARE VERY GREEDY HERE!! 
They were NOT willing to dump into 20c bids despite growing a significantly large short position. This tells me that they were still adding MORE shorts at 20.5c. My thesis I am replying to has been
targeting 15c for a good reason. Friday saw 4M+ shares being added as short. Today the stock did nearly 6M and I am willing to bed that the MAJORITY were ALL sellers (short).
The Insiders or the cumulative groups going short the stock a.k.a Smart Money a.k.a Market Makers KNOW what's coming. And that is the further financing, dilution of shareholders and offering options so far out of the money that when they do, it creates the self fulfilling CEILING of resistance. I hear they got 30c and 40c options to be exercised off the raise...those prices are basically all supply zones!
I have not yet heard what the exact raise figures are but it's definitely going round a few camps! Anyone already know of the offer details?
STX Weekly Chart Below looks ghastly! 17.5c by the end of this week on the books I suspect. Despite a crashing USOIL Crude Pricing, smart money are building as large a position/s as they can prior to more bad news on the way! 
P.S Nice work on the chart
@tektron sorry couldn't tag your comment.
Although for all the reasons outlined in the post above,
gap fills higher up are a statistical impossibility at these current levels and at this moment in time, as the
15.5c gap is far closer and almost everyone in this thread has been expecting/wanting STX to close the Gap that was caused due to the Insiders shortselling the stock days before a Trading on news that STX drilled water instead of gas
This ain't recovering, it's tried for nearly half a year now and I would urge some holders to finally get a grip. GLTAHz
(20min delay)