Dear Gregg,
Let me state this for once and all.....
I AM NEITHER A BULL OR A BEAR ON OAKLEY!!!!!
I WAS ONLY A BEAR AS THE PRICE PLUMETED AS OTHERS SAID WHAT A GREAT COMPANY IT WAS.
The way I use TA is to trade. I don't predict future price, I only comment on what the price tells me, i.e., I don't tell the price where I think it is going, I wait for the price to TELL me where it is going.
As I have said for a few months, Oakley has to break the 12 3/8 to 12 5/8 gap before I would say that it is in an up trend. Unitl then, it is all a guess. I will say that the technicals have started to look up on this rise from 9.00, but I can't say if this is the real thing, or just a head fake until we fill the gap.
Myself, I am still long the Nov 7 1/2 calls. Normally, I would have sold them and taken my profit, but the recent moves in the stock have swayed me into seeing if we break that gap. If we do, I honestly think that we could be in for a good ride.
BCL |
