Dealer, here it is 2:30, a VERY pivotal time for the market..why? Because all the traders throughout the day, have been playing their little buy/sell games with each other, trying to outsmart one another. 2:30 is where the rubber meets the road, and traders spend the last 1 1/2 hours closing their positions, and either celebrate, or lick their wounds!
If RNWK closes above $75 this week, we won't see the $50's for a long time. There is too many conventions/ trade shows coming soon that RNWK is a player in, that will keep the releases coming, and the price high. Another thing to be aware of is ALL the kids going back to school... IMO RNWK downloads of G2 will be doubled by the first quarter of next year.
All the big money broker folks back from hiatus can now buy lunch for all the fear-monging brokers that can't afford to take a break, and need reasons to sell clients' stock to generate commissions....this, and the reduction of 401k business contributions (which typically are maxed by August), happen EVERY year, and bring well-run company stock way down. It's a psychological game to shake out weak hands. Stay long and strong on all well run companies, they will come back! The big brokers need to pay for that next vacation!
All IMHO.
John |
