Mark, you got to relax about this. If you look at the "record" I called MVIS general moves pretty well. On April 1, I said it will go and stay well above $24 for the 20 days, and it did. Then two weeks ago I said it will go to the mid teens from the the $28, with a stop and bounce around $20, and it did (19.75 was the interim low). Two days ago, for those that covered at $20, I suggested that if they want to reeneter a short, for the down trip to $16 or so, $24 would be a good place, and the stock "obliged" and went to $24.5. These shorters are not stupid and each one of them has a set a max pain point where they will cover their short if it goes against them. You must respect the shorters, without their covering their short positions, there would be no interim rallies. You are in love with this stock and that might eventually be harmful to your folio.
So far, I have three out of three, not too shabby for calling the "week by week" movement of a stock I have not done 1% of the due dili you have. Maybe technical analysis has something to say for itself after all. What is MVIS in anyhow<VBG>?
Zeev |
