thot you said 9, skeet...
news looks real, breakout looks very convincing. time to buy again? think so, picked up another 1500 just under 16. if we did 5 points from consolidation to 13, we might see another 5, 13 to 18. very rough estimate per looking at the chart. would actually probably look good to hang around 18 for a couple of weeks, but with this news i don't know... who's doing the buying - can anybody tell me? don't have any fancy software, etc. what is the current institutional postition? know mom-genz holds 43%, gives us a float of just over 14m, right? we have traded about 4% of the float 2 days in a row now - seems like a lot to be just individuals.
if we blast thru 18 in any short time i might put a stop loss on part of my position a few points under the trades to have some cushion for those slow, rambling declines that can kick in and look more like leakage than consolidation.
just some thoughts. i am essentially long, long, long the herd.
don |
