Tim, if you remember, my last trip on CMRC was from $60 to above $74, so I was waiting to see how $74 is handled, if it becomes a "no problem" (and I think it might, because the market, despite the outside appearance of weakness is packing a little mini monster), then we have a shot at the $90/$100 range. As I said earlier, unless resistance are ferociously defended by the bears, it make more sense to let profits run here. I sold the bu$$ and CREE only because they were running into their respective resistances. I was probably wrong about CREE, but hopefully, Monday will give me an opportunity to climb back on CREE and possibly, the bu$$ (what a ride, 50% in less than a week!!!!).
Did you notice the "whallop" the SC's were packing today? I think that the "powers" are indeed going to engineer a run to above $20 for SCON, and CDTS will join the party (so they can issue the 5 MM shares they have just filed for).
Zeev |
