AVID and NILE upgrdaed

R

razor99

noth look good..AVID has a nice bottoming formation going on..i think it can see 36.40 area. NILE looks like it can hit 42 and maybe 42.20.
 
Lots of overhead resistance. This is a classic long/short play. The short play comes in right now and then we cover/long over the summer waiting in anticipation of Christmas.

Cramer and all the rags love to pump Nile through the Christmas season but abandon it over the summer.

I havent looked at the charts or the fundamentals, but I would be skeptical about buying Nile at over 40 dollars and the short interest demonstrates that Im not the only one who seems pensive about this play.
 
i agree,i just posted it for those that were interested..that said,AVID does have a chart that looks ready to move in spite of all the short interest..only problem,AVID has a long history of disappointing when they report .i actually played it for a mere .20 cents and AVID for .40...
 
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