Robert, I must agree with you, as a matter of fact, I felt the beating was so irrational that I jumped back in just before the close.
There is something puzzling me, however. Early this month, when we had that massacre, I remember succinctly seeing in real time a spike down to $36 (and marked it on my own chart), but now, when I look at different charts (Yahoo, Big Chart), that decline seems to have barely penetrated $40, thus making today a new reaction low. Does anyone remember how far did CYMI go on that fateful day? In my buying I was hoping to a least catch a bounce like VECO had today, but also being able to put a close SL just under $36, but if it is a new reaction low, who knows how far the irrational inexuberance will go.
Zeev |
