Scott, congratulations on continuing to hold ADIC.
Be careful on the issue short term, however. The burst of enthusiasm for the stock is made evident through the across-the-board overbought readings I am seeing on my screen via the Active Balance Channel, Bollingers, RSI and its market-relative variant, Mean Return, Money Flow, and even the recently-forged Magic T Oscillator.
I would estimate that you've got about a further 2 point upside and a potential 5 point retracement-based downside, short term. It looks like the dealer has dealt most of the 10's, Jacks, Queens, and Kings; odds for another blackjack are likely lower going forward, at least until the deck is reshuffled, if you catch my drift. Better adjust those moving averages for a quicker trigger.
Rainier |
