KBLB struggled today trying to move up. It closed down 9.52%. From the looks of the chart I strongly believe that we will begin to see some aggressive movement in the right direction Thursday or early Friday.
Keep in mind though, I have little or no idea how to accuratly read a chart. I am basing my opinion on past performance of the stock. I purchased this stock based purely on the past performance, however this stock has a very long history of being an excellant bouncer. It looks like it has reached or is about to reach its support level and is going to make the bounce. Watch it over the next couple of days and lets see what happens.
GOD BLESS
DISCLAIMER: Keep in mind that I am not a securities advisor nor am I suggesting that you purchase any stocks that I post on this blog. If you do invest in any stocks mentioned in this blog, you do so with the understanding that you could lose every penny of your investment. The purpose of this blog is to give would be investors encouragement and hope, and help them realize that you can make money in the stock market, even in a bad economy. I have not been paid to promote any stocks that I have written about in this blog. Please invest in stocks based on your own research. I'm a truck driver, not a financial advisor.
Please feel free to email me with stocks that you feel are a good play. Email me at investmentstratagies@yahoo.com
Wednesday, July 8, 2009
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