I agree, MM, but what I like about PIXR is that IFF it busts up, well, it hasn't been on a huge run and isn't overextended. In fact, it's consolidated for four months. That's a different kind of bullish look than, say, AMCC which has already exploded.
This goes back to what confuses me: of course things look bullish at tops. It makes sense. But for this market to fall apart, we need a lot of things to hound/fail. Hasn't happened since last March. It will happen at some point. But here? Now?
Again, when we see our correction/move down, we'll know. I'm currently in the "it won't be that bad a dip" group, but I'm also not running around adding a ton of longs (though I admit, I am in PIXR from the open).
the freep |
