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Strategies & Market Trends : Strictly Buy and Sell Set Ups
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To: robert b furman who wrote (13431)6/15/2009 10:17:25 AM
From: chowder  Read Replies (2) of 13449
 
Re: KVHI ... I don't think it's set up for a break out. Take a look at the weekly chart. You have a two year base where price traded between $7.00 and $10.00 and change. That's two year's worth of overhead supply waiting to come to market. It's going to take time to work through those share owners who are under water on their position and waiting to sell as price comes up to their entry level.

I'm not saying price can't go higher, but the easy money has been made. This is where I'd be taking some profits, if not all.

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