Roy, IMHO, this issue still has a way to go. Although I prefer a nice climb as compared to the large, volitile jumps, the volume and underlying indicators show a positive trend upwards, challenging the old high. I always like to state my position or my call regardless of whether I am right or wrong because it represents, at worst, some integrity and eliminates hidden agendas etc...
I think that earnings will be fine and with that, as well as factoring in the split, there is no doubt those highs will be taken out.
If your holding this until split time, buying now is still a pretty good time, IMO. I don't recall the record and payment date off hand but the record date is coming soon. That usually creates a nice long environment.
As for tomorrow, hey, I don't trust anyone on the street. The market closes @1:00pm. Today's run-up occurred after 2:30pm today and on large volume. It has been a good week for the indices and some profit taking may occur. But again with all the earnings reports coming up, it seems one would be hard pressed to sell out now!
I'm not always correct but this is what I am thinking at the moment!
Rich |
