Uh....Since I never posted anything about SNDK last February, I don't think your argument makes a lot of sense....Regardless, basing arguments on "bubble spikes" are a bit strange, no?
SNDK may or may not go up a lot here. I like the stock long-term...short/intermediate-term, anything can happen. Since I am playing short-term swings, I rely heavily on momentum, overbought indicators...If the NDX (and SNDK) spikes this morning, both will be overbought short-term...if you want to continue to ride that up....fine....but it would be healthier if we pause real soon.....For longs, I would rather see healthy rallies, then the kindof stuff we saw last March.......The Fed is pumping in liquidity everyday, and that is a big cause of this rally..
Since I publicly posted when/why I bought, I thought it only fair (consistent) to post when/why I sold....Since I made 30% in a little over a week, I'd say it was a successful trade..
Good luck to you.. |
