SUF -depressed stock - buy in opportunity

[englishman26]

This is a very depressed stock that is getting big buy ins right now. Saw it pop below 7 this morning and couldn't believe my eyes. After scouring for news and finding nothing I grabbed some at 6.98. Could run back to the 10-12 area very easily and I actually have a long position in this stock for a return to 19 at some point this year.

Big buys coming in already and will probably close around 7.35 today.

[TheChartGuru]

I don't see any bullish signals to buy SUF right now. Volume and price are flat. It's trading way below its weekly MA(30)($9.21). I hope that I'm wrong but SUF looks like it's going lower unless news comes out. In the 3-month chart, you will notice a double top then a pull back. Bearish. It may test the support at around $6. Just my technical perspective

The Guru has spoken

[englishman26]

Technically you're right - and the double top is ugly. But this is a really great company with huge growth potential and fantastic management so I like buying in at these levels because I firmly believe it's going higher long term.