Hi James, interesting about the recent insider sales, I suppose some on the inside just couldn't resist locking in some gains. I recently mapped out the share sales of Jeff Bezos (AMZN) and Jensen Huang (NVDA) and compared them with their respective stock charts and there doesn't seem to be any visible correlation between insider activity and tops and bottoms in the charts, they seem almost random.
I agree with your assessment into the new year, not a waterfall event, but likely more range bound (knock on wood.) It's what happens in January, February and March that I'm unsure of.
For now, MUX seems to be forming some sort of support at around $18.40, though, as you pointed out, that Sept 2nd gap looks ominous. Then again, there's another gap on Oct 21st that might get filled to the upside if we get a bounce. |
