Re: >>>We had a breakout in trading today, right at the close. Someone among others really went out there a bought some shares. Do we have some good news coming.<<<
John, While I would never rule out news as a potential cause of moves like we saw today, I'm not expecting any. My bet is that the traders were hard at work, at least that's how I'm playing it. I got in a little late, but decided to hold overnight just in case the move continues. I had thought we might see 2-1/4 before a bounce back, and that's all I think this is. I'm not expecting more than 2-7/8 tops and have set my stop at break even and my sell at 2-11/16. Without any news, and after any bounce up, I expect we'll soon return to 2-3/8 or lower. In fact, I wouldn't be surprised to see this happen within the next 24-48 hours.
Just tradin' this dog. (need to make up for IOM).
Good luck and regards - Dale |
