Hey look, don't even consider this because some blogger is making a trade. I know the company and have traded it over the years. I think it is setting up well for a short term trade, but if I am wrong I am going to dump it with extreme prejudice, without the obligation to run and tell the blog about it.
But if I am right, I think it is setting up nicely for a bottom feed play, off of an entire 2011 decline (and I assume tax loss selling) with a recent agonizing bottom and series of higher lows. I just bought the little Hammer candle today.
Somewhere along the way (post Cramer pump) this has become a low volume stock. I am 12% of the volume (vol. 19K at time of trade). All the more reason for readers not to touch it.
But I wanted to show the chart, which has one of my favorite patterns; a pained looking, upward biased rounding sort of thing.
http://www.biiwii.blogspot.com
http://www.biiwii.com
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