online brokers tend to rally late in the wave.
my guess is tomorrow and the following days AMZN and YHOO will outperform.
when that move matures, it will be our turn, there will be a SHARP SPIKE UPWARD as we approach earnings season.
shorts will be fried by then if they don't cover quickly.
however, there is one last obstacle we have to overcome that may screw all this until that date, and that is the Fed meeting on june 29-30.
after today's CPI report there's not that much to fear, however, the uncertainty might bring some more trouble.
over the long term, however, this stock will keep skyrocketing, because that's the nature of this beast, and it's just too cool a company to stay down for long.
there's the uncertainty over Merrill Lynch as competition also, that's probably why we didn't close at $ 75 today...
:-)
but i see Merrill more as competition for SCHW than for EGRP. |
