Yougang,
Re: comments on the stock
I was hoping you were asking about the other stock that I have reported a couple of times here. My SSTI has gone up more than 1,000% since I bought it late last year. In response to my post, Paul The Good Doctor once termed it a penny stock. Now the penny has turned to about the same price as AMD.
Now to AMD. It's a chartist's nightmare. Every time the chart starts to look good, Jerry comes out and say something to ruin the party. As Jerry is calmer now, maybe he will keep his mouth shut.
In any case, AMD chart is getting to look good again. AMD has broken through the short term resistance trendline, and the short term trends have crossed on the upside. We went over 20 pretty easily and is now at the 22 resistance. As we haven't seen much short covering yet (notice that the other Good Doctor, Dr. Himself, is still GGGing, although to a lesser extent now) as we get ready to move to 25 resistance. So far it has been an orderly rise, with relatively low volume. Continuation of this trend would see volume picking up, shorts covering (no more Dr. Himself here) and stock reaching a climatic buying. These latter events haven't taken place yet, but could happen soon.
Good luck,
Richard |
