target price > $5.10 - $5.75, page-17

Hi Christos,

To answer your question ‘how can the smart money be buying if the stock price continues to drop?’ The answer is momentum. Think of the stock like a fast moving freight train. When you hit the brakes (smart money stepping in) the train doesn’t stop straight away, it takes time. This stock now appears to be at or close to a bottom and I suspect it will remain range bound between $2.20 and $3.10 while the smart money continues to accumulate.

This range will also attract day traders. If the day traders are profitable it will lengthen the accumulation process, if they aren’t it will shorten it.