Ed,
Yes, a couple of points sure does improve everyone's humor.
I am leery about Thursday too. Although I agree that some of what we have seen is technical in nature, I don't think all of it is. There have simply been too many buyers, and not enough sellers. (I would think a purely technical advance would be followed by hard selling on the pullbacks, and we just haven't seen that.) The other thing that is confusing to me is that we haven't seen a recommendation from outfits like Wall Street Strategies, or any of the momentum players. I would have thought we would have seen one or more by now.
Another thing that bothers me is the number of rumors that are out there that didn't originate on SI. These could be hypesters trying to pump up the price, or they could be legitimate. I don't know how to tell, until we get official word from Ancor. I might be gullible, but the types of rumors they are spreading are exactly the kind of events that I am expecting to happen sometime this year.
The way you've been talking, I didn't think you had any profits to take. <g>
Craig |
