Robert,
I have no idea at all. In fact, I have no idea what is driving this move, and, in fact, i am not terribly surprised at the stock's relative weakness this morning. As I said some time ago, it tends to move in spurts, although it hasn't done this recently. As I have said more recently, the stock seems to be moving within a clearly defined channel, and when it gets ahead of itself, it drops back to within the channel.
Yes, I realize that these two "very erudite comments" are mutually exclusive... In other words, if a stock moves in spurts, it generally does not move within a channel. This is just another reason why I take everything with a grain of salt - even my own pre-conceived notions.
Or, in other words, I have no idea at all.
Bob Davis
The Napeague Letter
napeague.com |
