Now that the target low of $1.50 has been breached by today's low of $1.26 my sentiment has changed from the original long term sell to short term sell & now hold.
The target low of $1.50 was set by a listed investment company who have obviously done well with their shorting of ACR.
I see no reason at this stage to buy ACR other than the spike down to set this new low below the target might encourage a few desperate traders to consider it a bargain.
For those who denigrated the information of the shorting of the stock & the target of $1.50 may now reconsider their position.
The information was posted as a warning & those who did not heed it have only themselves to blame.
ACR Price at posting:
$1.27 Sentiment: Hold Disclosure: Not Held
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