Relying upon Technicals to the exclusion of a uninformed market...

Relying upon Technicals to the exclusion of a uninformed market and a pending significant milestone that will fundamentally revalue the business are.

My argument is that relying upon the technicls are today to make an accumulate decision is fundamentally flawed. The market is currently valuing the business with 2 polar opposite views, neither of which is right or wrong:
1. This is a sinking ship, Glaucus are right.
2. Glaucus are predators and are wrong.

Option 1, based on how the business handled the whole affair, the most recent announcements re profit downgrades and serious questions of their ability to raise more money, GET OUT NOW ITS OVER VALUED AND COULD BE WORTHLESS.

Option 2, BUY BUY BUY, it will never be this cheap again, its business as usual.

Neither outcome can be known, all technicals do is read the volume of people who believe either 1 or 2, neither belief actually will affect the outcome. My argument is that until we actually know whats happening in this business, ie accounting standards, valuations of assets under management, break down of recurring income vs non recurring, you are basically engaging in a 50/50 bet. And if you want me to really break down the analogy - just because more people have money on RED, doesn't mean that they are right.