Z,
Soaring for "no reason" is a good sign, although as you recently said, we are hardly out of the woods. The threat of a double bottom is always there. This move surely reflects optimism either about consolidation or a belief/hope that the sharply falling ASPs will abate by next fall, I think.
We'll have to see. My gut has been heaving. I have to say, I let a couple thousand shares of QNTM go--couldn't take how concentrated I was. Still have plenty left, though, for better or worse, for richer or poorer, for stupidity or wisdom.
Best,
Sam
P.S. FWIW, I'm looking at the ECMs for some future investment--SMOD, JBIL, FLEXF, SLR, SCI, HDCO, and a few others. The trend is in their favor, valuations seem reasonable. |
