TMA.. will it go up up up??? or plunge again?

[sealatte]

watching TMA... $1.3B capital news pushing the stock up today.
questions, is will its stay floating up on price or will it tank like last time.

i am thinking about buy few k shares for pop above $2 in coming days.
buying price at $1.50 or place bid below around $1.30 to see if it hits tomorrow.

sea

[Rich]

Good question

Here is the daily and weekly charts,
2918 2919

Notice the daily (left) has the Black MACD crossing over? Thats a good thing.

BUT, the weekly shows the opposite. The same is true with the StochRSI

Notice the RSI shows this to be oversold on both charts.

Would others please explain what their take is on these two charts?

Thanks
Rich

(My take is wait about 2 to 5 days and the charts activity will reveal more accuracy, but by that time a potential run could slow down. Answers to these type of questions separate novices from the pros )

[sealatte]

Good question

Here is the daily and weekly charts,
2918 2919

Notice the daily (left) has the Black MACD crossing over? Thats a good thing.

BUT, the weekly shows the opposite. The same is true with the StochRSI

Notice the RSI shows this to be oversold on both charts.

Would others please explain what their take is on these two charts?

Thanks
Rich

(My take is wait about 2 to 5 days and the charts activity will reveal more accuracy, but by that time a potential run could slow down. Answers to these type of questions separate novices from the pros )

thanks rich for the charts and graphs. I hunch is its on up movement with little bits of profit taking from folks that bought them below $1 and around $1.
last spike happen when they said that there doing ok and their lost was limited,,, BUT they were off and it dives south...
but with cash infusion, they might survive and recover...

[Hondaboy]

Man this stock is a roller coaster.

[Cscott]

Anyone else have an opinion on this? I am holding some ( in at 1.46 )

I also am hoping to see 1.80 - 2 sometime soon. Its up a few cents in ofter hours.

[flybynight]

TMA is a ticking time bomb. Read the recent announcement where the preferred shareholders are getting $.20 on the $1. The common shares will be diluted when financing is obtained and they will have the option to exercise shares at $.01.

Good luck if you decide to stay in for the long haul.

[Cscott]

CNBC just said they think deal will get done and be announced tonight. I sure hope so. I sill held on to mine... been a real rush the last couple days lol

[crazyfinx]

they just talked about it on fast money and a bunch of them have
positions in TMA and they are confident in the deal going through so
i hope the deal goes through.

now at 1.61 in after market trading