speaking of pests, what about this market, huh ?
Pretty unpleasant so far. What was that about gap filling over the weekend (weakend) ? Oh yeah. 8 to 12 straight up. Well not really. 9 was the top. And its been between 14 and 9.625 for weeks now in a sloppy saggy kinda way. Actually, dispassionately, this stock has stayed alive through an incredible morass of tech crashes. Anybody looked at oakt lately ? As a bottom-feeder I salivate, but I digress.
Speaking of gap-filling what about that gap from 3 to 5 last year, feels like a century ago on the other side of the great tech bubble. Now there's a gap. Like one of my former cavities. Why not wait to fill that 66% jump (40% in one day as I remember)?
I could speak volumes about volumes, but just look at the chart for a minute. Price up volume up, price down volume down. Nobody sells unless they have to. No volume since May 10th. Those buyers are on the sidelines lining up their bucks. Someday soon, the blue lights will catch their attention.
Seriously, this thing has done nothing but gone sideways for over 60 days, at a price well above its prior 5 year trading period in the heart of this bursting bubble! That says something about internal strength. Earnings are due out shortly. I have high hopes for the numbers and low expectations for the reflection of same in the stock price, cuz its already there. Time to start worrying up a storm about things beyond Q2, like Q3. I'm guessing there's another month to 6 weeks of this garbage market to endure before the lid blows off.
Hope you all find your best entry points. As for me, I prefer to shotgun it then triage the worst.
Deflatedly yours, Mike |
