This would explain the the very strong momentum, displayed the last few days. My TA screen is unblemished by any bearish sentiment. Looks strong for tomorrow. Knowing the source of much of the push, however, I would be careful, should that support disappear.
I'm often very frustrated by the lack of discussion on many MDMs, eg. ATS, PIN, SHLN, now MCLL. It's hard to stand your ground w/o a discussion backboard to bounce thoughts off of. However, a lack of discussion, or lack of a discrete source of momentum lends credence to the honesty of any move.
Bottom line: I'd rather not have someone behind a stock via a recommendation. I would prefer the momentum be due to budding fundamental potential, or silent insider enthusiasm...displayed through the volume and its flavor.
Thanks for the head's up on ASAA. I'll likely pass on it. |
