SNSN schreef op 9 oktober 2013 14:43:
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Not exactly....
From Sept. 23 some parties, which counted on "fast money" (on takeover rumors), were leaving ..... That is why we had (slightly) descending channel till the support level ~2.33 (where "takeover premium" became almost zero and main "fast-money believes" were striped out). On Oct. 1 some parties tried to come back...., but they had to leave again on Oct.2..... (and we returned to our channel) as there was nothing about "takeover" at the shareholders meeting.
To start a new pattern with expected target ~2.39 (after hitting "no takeover premium" level 2.33), we must break "mid-term" resistance zone ~2.362-2.37 formed from Sept. 16.... If we don't break through the 2.37 soon, another trading pattern may be formed... (that’s why 2.37 is so important, and some prof parties would strongly prefer to do everything in order to buy much cheaper....)
So, keep your shares.... the prob to repurchase lower (with certain profit) is very small..... (only profs could make something)