all this talk about another possible major acquisition is...

all this talk about another possible major acquisition is possibly weighing on the stock also. technically it has been another failed rally and i notice its been testing support again in recent days.

i don't think there is any rush to buy on a TA basis. When you look at fundamentals, it appears to be a screaming buy, but obviously the market doesnt agree, nor has it agreed for the last 12 months. Its in a sideways to down pattern and needs to break out of this before any buy signals will develop.

A close below the 4.65 area would not be good in my view. conversely, a close above the 4.78 area would be a good sign. 3 consecutive closes above 4.78 and it will be a very good indicator. Its getting squeezed with the traingle formation and should break either way soon.

skippa