Monday, May 21, 2012

GWBU Starting To Show Signs Of Breaking Down

GWBU experienced a sharp 30% plunge lower today.  As I said last week I thought the stock would collapse as least 30-40%.  I was right about the collapse but still think a bounce-less collapse will occur at some point.  The stock has posted a recovery since tumbling over 30% and is down only 10%.  Buying interest remains strong but I think today's action is the writing on the walls for the longs in this stock.  The next time this stock tumbles 30-40% again and likely more, it won't be bouncing back up.

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