Ralph, looks and feels like we have broken out. Nice volume, nice price movement, nice action, closing at or near highs on relatively large trades.
2 questions:
Who is selling into the rally and why? Some folks have options at [guessing] .35 to .50, so they [logically] should exercise and take some of their profits. This, as noted many times by me, is good as exercise of options gives company cash.
But as Ted proves wrong all naysayers [mea culpa, mea culpa maxima], doesn't one become foolish to sell at these levels. [Given action in Feb, I could see getting nervous as we approach 1.40].
Hopefully, and per the Chicago economists, the price rise is Mr. Market starting to discount the likelihood of success rather than the likelihood of failure.
Congrats to all those with stouter hearts than mine who bought at .51.
Starting to look like Bill Stratas should have held on. Oh well, somebody is always the last soldier killed in the war. |
